Ripple co-founder Jed McCaleb’s nonprofit Navigation Fund helps to sort out the AI chip scarcity by providing leasable capability massive machine studying fashions. A brand new cloud was formally launched on Oct. 29 that will likely be accessible on an hourly, month-to-month or long-term foundation.
A corporation referred to as Voltage Park “at present provide[s] bare-metal entry for large-scale customers that want peak efficiency” and expects to increase its service by early 2024, in response to a assertion on its web site. It has round 24,000 NVIDIA H100 graphics processing models (GPUs) grouped into interconnected clusters. Voltage Park is a subsidiary of Navigation Fund.
The {hardware} is price $500 million. Clusters will likely be arrange in Texas, Virginia and Washington, Voltage Park CEO Eric Park instructed Reuters. Park joined the group in July.
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Voltage Park is at present auctioning off contracts with lengths of one-to-three months on 1,560 GPUs. It mentioned in its announcement:
“The marketplace for cutting-edge ML compute is damaged. Startups, researchers and even huge AI labs are scrambling to purchase or hire entry to the newest chips for ML coaching. […] We’re on a mission to make machine studying infrastructure accessible to all.”
The Navigation Fund was based in 2023 with plans to offer a small variety of grants this yr and increase its applications in early 2024. It plans to advance quite a lot of causes along with “protected AI.”
Billionaire McCaleb created Mt. Gox to commerce Magic: The Gathering playing cards, then repurposed it as a Bitcoin (BTC) trade and offered it in 2011, three years earlier than its collapse. He went on to turn into a co-founder of Ripple Labs and, after leaving Ripple on unhealthy phrases with the remainder of the administration, he co-founded the Stellar blockchain. He additionally created an area station startup in 2022 that has partnered with Elon Musk’s SpaceX.
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