Coin Edition -
- Vinny Lingham opines increasing government scrutiny of Nvidia could trigger distributed crypto platforms.
- The UK government recently joined other countries in scrutinizing Nvidia amid growing international rivalry.
- Notable stakeholders consider the government’s regulatory approach a setback for innovation.
According to Vinny Lingham, a prominent figure and pioneer in the blockchain and crypto industry, increasing government interference in Nvidia’s activities could accelerate the scaling of globally distributed crypto platforms. Lingham posted on X following reports that the UK government has joined those scrutinizing Nvidia for its market dominance.
If governments continue to dictate to companies like $NVDA who they can sell compute and storage to, globally, we will quickly see an acceleration in the scaling of globally distributed crypto platforms.$SOL (Compute), $RNDR (GPU) & $FIL (Storage) are my 3 top crypto picks.— Vinny Lingham (@VinnyLingham) February 21, 2024
Lingham criticized the government for dictating who companies like Nvidia can sell products to, adding that such actions are out of place and could lead to a tech revolution among distributed crypto platforms.
According to reports, the UK joined the likes of the United States, European Union, France, and China to focus its attention on the activities of Nvidia. The belief is that these countries are concerned about the chip maker’s relationship with each other because of the existing competition and rivalry.
The U.S. Commerce Secretary, Gina Raimondo, requested more funding for her department to stop China from catching up on cutting-edge semiconductors. According to her, American companies will need to adapt to U.S. national security priorities, including export controls that her department has placed on semiconductor exports.
The critical role Nvidia’s chips play in the evolving global AI industry is at the core of the unfolding drama. Many consider them the backbone of modern artificial intelligence, fueling everything from autonomous vehicles to deep learning algorithms.
Lingham and other notable stakeholders consider the UK and other governments’ regulatory approach as a development that could stifle innovation. However, the Rumi.ai CEO believes emerging projects like Solana, Render, and Filecoin could take over the process and create a decentralized AI ecosystem beyond the reach of government regulation.
The post SOL, RNDR, FIL Could Dominate Decentralized AI Amid Intensified Nvidia Scrutiny: Vinny Lingham appeared first on Coin Edition.