{"id":183840,"date":"2023-10-30T22:20:57","date_gmt":"2023-10-30T16:50:57","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=183840"},"modified":"2023-10-30T22:20:57","modified_gmt":"2023-10-30T16:50:57","slug":"jed-mccaleb-backed-nonprofit-will-provide-easier-access-to-ai-computing-capacity-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/jed-mccaleb-backed-nonprofit-will-provide-easier-access-to-ai-computing-capacity-crypto-news\/","title":{"rendered":"Jed McCaleb-backed nonprofit will provide easier access to AI computing capacity – Crypto News"},"content":{"rendered":"
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Ripple co-founder Jed McCaleb\u2019s nonprofit Navigation Fund is helping to tackle the AI chip shortage by offering leasable capacity large machine learning models. A new cloud was officially launched on Oct. 29 that will be accessible on an hourly, monthly or long-term basis.<\/p>\n

An organization called Voltage Park \u201ccurrently offer[s] bare-metal access for large-scale users that need peak performance\u201d and expects to expand its service by early 2024, according to a statement<\/a> on its website. It has around 24,000 NVIDIA H100 graphics processing units (GPUs) grouped into interconnected clusters. Voltage Park is a subsidiary of Navigation Fund.<\/p>\n

The hardware is worth $500 million. Clusters will be set up in Texas, Virginia and Washington, Voltage Park CEO Eric Park told<\/a> Reuters. Park joined the organization in July.<\/p>\n

Related: Stellar Co-founder Brands 90% of Crypto Projects \u2018B.S.\u2019<\/a><\/em><\/strong><\/p>\n

Voltage Park is currently auctioning<\/a> off contracts with lengths of one-to-three months on 1,560 GPUs. It said in its announcement:<\/p>\n

\u201cThe market for cutting-edge ML compute is broken. Startups, researchers and even big AI labs are scrambling to buy or rent access to the latest chips for ML training. [\u2026] We\u2019re on a mission to make machine learning infrastructure accessible to all.\u201d<\/p><\/blockquote>\n

The Navigation Fund was founded in 2023 with plans to provide a small number of grants this year and expand its programs in early 2024. It plans to advance a number of causes in addition to \u201csafe AI.\u201d<\/p>\n

Billionaire McCaleb created Mt. Gox to trade Magic: The Gathering cards, then repurposed it as a Bitcoin (BTC<\/a>) exchange and sold it in 2011<\/a>, three years before its collapse. He went on to become a co-founder of Ripple Labs and, after leaving Ripple on bad terms with the rest of the management, he co-founded the Stellar blockchain. He also created a space station startup<\/a> in 2022 that has partnered<\/a> with Elon Musk\u2019s SpaceX. <\/p>\n

Magazine: \u2018AI has killed the industry\u2019: EasyTranslate boss on adapting to change<\/a><\/em><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Ripple co-founder Jed McCaleb\u2019s nonprofit Navigation Fund is helping to tackle the AI chip shortage by offering leasable capacity large machine learning models. A new cloud was officially launched on Oct. 29 that will be accessible on an hourly, monthly or long-term basis. An organization called Voltage Park \u201ccurrently offer[s] bare-metal access for large-scale users […]<\/p>\n","protected":false},"author":2,"featured_media":183841,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-183840","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/183840","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=183840"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/183840\/revisions"}],"predecessor-version":[{"id":183843,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/183840\/revisions\/183843"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/183841"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=183840"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=183840"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=183840"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}