The demand for powerful GPUs has been surging due to the development and growth of AI applications, particularly ChatGPT. This speculative AI technology has caught the attention of both the major industry players and the public, leading to a significant rise in prices of powerful GPUs like Nvidia's H100 deep learning GPU - an increase from under $35,000 to up to $40,000 per unit. This has made such GPU extremely sought-after for their impressive computing power and their ability to produce complex language-learning models. As a result, companies have scrambled to produce more of these GPUs and even the major cloud computing services are providing support for them.

The surges in demand for powerful GPUs for AI applications, often referred to as 'Hopper GPUs', may relate to the lull experienced by the crypto-mining industry. Ethereum's upcoming upgrade to proof-of-stake has caused much speculation, with investors focusing on the potential of this new development in mining. While the talk surrounding mining has lessened, the hype following Bitcoin's rise is likely to bring back conversations around the subject.

In conclusion, the emergence of ChatGPT and its alternatives have seen the demand and prices of powerful GPUs skyrocket as they have become essential tools in the AI industry. On the other hand, it appears that the crypto-mining industry is experiencing a lull as Ethereum turns to proof-of-stake. The potential growth of Bitcoin, however, may see crypto-mining activity returning to the spotlight.



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