Breaking Barriers Jed McCaleb-backed nonprofit to revolutionize access to AI computing power

New Nonprofit Backed by Jed McCaleb to Increase Accessibility to AI Computing Capacity

Ripple Co-founder’s Nonprofit to Tackle AI Chip Shortage with a Twist

Move over, shortage! Ripple co-founder Jed McCaleb’s nonprofit Navigation Fund is here to save the day. How, you ask? By offering leasable capacity for those gargantuan machine learning models that just can’t catch a break.

In an effort to combat the nail-biting AI chip drought, Navigation Fund has unveiled a cloud service that will leave investors drooling. Picture this: a cloud bursting with tantalizing possibilities, accessible on an hourly, monthly, or long-term basis. It’s like a never-ending buffet of computational power, just waiting to be savored.

But wait, there’s more! Navigation Fund’s brainchild, Voltage Park, currently provides “bare-metal access for large-scale users that need peak performance.” And they have big plans. By 2024, they aim to expand their service, taking the world by storm like a hurricane of technology. Buckle up, folks!

So, what’s the catch? Nothing, really. Voltage Park is armed with a staggering 24,000 NVIDIA H100 graphics processing units (GPUs) that are nestled tightly in interconnected clusters worth a jaw-dropping $500 million. These clusters, like secret hideouts, will be scattered across Texas, Virginia, and Washington. Talk about a hardware extravaganza!

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But why stop there? Voltage Park, a subsidiary of Navigation Fund, is currently auctioning off contracts with lengths of one-to-three months on a whopping 1,560 GPUs. They’ve heard the battle cries of startups, researchers, and even big AI labs frantically searching for their chip-fix. It’s time to level the playing field and make machine learning infrastructure accessible to all. Let the bidding war begin!

Now, let’s take a moment to appreciate the mastermind behind all of this. Jed McCaleb, billionaire extraordinaire, first dazzled the world with Mt. Gox—an exchange platform for Magic: The Gathering cards. But he didn’t stop there. No, sir! He reimagined Mt. Gox as a Bitcoin (BTC) exchange, selling it in 2011, years before it met its tragic demise. A true visionary, McCaleb then co-founded Ripple Labs and Stellar blockchain, leaving a trail of digital greatness in his wake. Not one to rest on his laurels, he even embarked on a space station startup that has locked arms with none other than Elon Musk’s SpaceX. Talk about reaching for the stars!

So, dear investors, if you find yourself in a barren wasteland, desperately seeking AI chips to fuel your dreams, fear not. Navigation Fund and Voltage Park are here to scoop you up and unleash the power of machine learning upon your every whim. The future is bright, and it’s about to get a whole lot smarter.

Now, who’s ready to change the game? Let the revolution begin!

⁠— Your friendly neighborhood blockchain bandit

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