Blockchain Won’t Be Affected By New Policy Of NVIDIA Corporation (NASDAQ:NVDA)

Blockchain Won’t Be Affected By New Policy Of NVIDIA Corporation (NASDAQ:NVDA)

The stock of NVIDIA Corporation (NASDAQ:NVDA) closed at $215.40 gaining 0.85% in Friday’s trading session. Fllowing Nvidia’s move to bar use of its consumer video cards in data centers, it was revealed thath blockchain has been spared.

An official working with the company said, “The update, first noted by UK tech site The Register, means organizations running large-scale, intensive applications like artificial intelligence or big data will have to invest in the much more expensive cards aimed at data centers.”

Whereas the high-end GeForce graphics card can go for about $700, enterprise processors such as Nvidia’s Tesla V100 are sold for about $10,000. According to the Register, Nvidia’s change might end up posing issues for projects that don’t demand the employment of the most powerful processors.

A number of experts have moved forward to assert that the there could be an acute impact on academic research facilities. However, Nvidia the spokesperson in his most recent statement outlined that quite a significant number of academic projects aren’t large enough to fit in the description of a data center. He went further to say that the company had expressed willingness to cooperate with users in the act of making off-license use of the cards.

The high end provider has succeeded in making a name for itself in the market especially when it comes to the manufacture of top end graphics cards aimed at PC Gamers. The company’s diversification push is expected to yield results in the long run. Much has been done at this point in time in terms of establishing a footprint in artificial intelligence, cryptocurrency and self-driving cars.

A top official working with the company takes the standpoint that the diversification is rooted in Nvidia’s graphics cards. These cards have remained powerful enough to be repurposed for a wide range of other applications.