{"id":175268,"date":"2023-11-01T09:27:29","date_gmt":"2023-11-01T14:27:29","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2023\/11\/new-nonprofit-backed-by-crypto-billionaire-scores-ai-chips-worth-500m"},"modified":"2023-11-01T09:27:29","modified_gmt":"2023-11-01T14:27:29","slug":"new-nonprofit-backed-by-crypto-billionaire-scores-ai-chips-worth-500m","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2023\/11\/new-nonprofit-backed-by-crypto-billionaire-scores-ai-chips-worth-500m","title":{"rendered":"New nonprofit backed by crypto billionaire scores AI chips worth $500M"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/new-nonprofit-backed-by-crypto-billionaire-scores-ai-chips-worth-500m.jpg\"><\/a><\/p>\n<p>It\u2019s strange times we\u2019re living in when a blockchain billionaire, not the usual Big Tech suspects, is the one supplying the compute capacity needed to develop generative AI.<\/p>\n<p>It was revealed yesterday that Jed McCaleb, the co-founder of blockchain startups Stellar, Ripple and Mt Gox and aerospace company Vast, launched a 501\u00a9(3) nonprofit that purchased 24,000 Nvidia H100 GPUs to build data centers that\u2019ll lease capacity to AI projects.<\/p>\n<p>Already, the cluster of GPUs \u2014 worth an estimated half a billion dollars and among the largest in the world \u2014 is being used by startups Imbue and <a href=\"http:\/\/Character.ai\">Character.ai<\/a> for AI model experimentation, claims Eric Park, the CEO of a newly formed organization, <a href=\"https:\/\/voltagepark.com\/\" target=\"_blank\" rel=\"noopener\">Voltage Park<\/a>, that\u2019s charged with running and managing the data centers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It\u2019s strange times we\u2019re living in when a blockchain billionaire, not the usual Big Tech suspects, is the one supplying the compute capacity needed to develop generative AI. It was revealed yesterday that Jed McCaleb, the co-founder of blockchain startups Stellar, Ripple and Mt Gox and aerospace company Vast, launched a 501\u00a9(3) nonprofit that purchased [\u2026]<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3818,6],"tags":[],"class_list":["post-175268","post","type-post","status-publish","format-standard","hentry","category-blockchains","category-robotics-ai"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/175268","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=175268"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/175268\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=175268"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=175268"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=175268"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}