A non-profit group linked to Stellar co-founder and government Jed McCaleb intends to supply an AI chip rental service, Reuters reported on Oct. 30.
The startup in query, Voltage Park, has reportedly bought 24,000 Nvidia H100 chips valued at $500 million. The corporate plans to hire these assets out as a cloud service in order that different companies can work with synthetic intelligence (AI).
Voltage Park will supply each long-term and short-term entry plans and intends to deploy the chips round February 2024, based on Reuters.
The rental entry mannequin is meant to handle shortages in AI chips. Although exact availability is unclear, firms, together with Microsoft and OpenAI, have reported shortages, based on one current CNN report. OpenAI has even thought of producing its personal AI chips as an answer to the scarcity, different stories point out.
Cloud rental fashions, in contrast, permit smaller firms and builders to remotely entry AI chips and laptop assets on a brief foundation.
Voltage Park has ties to Stellar’s Jed McCaleb
Voltage Park has hyperlinks to a notable cryptocurrency determine, Jed McCaleb, co-founder and Chief Architect of the blockchain agency Stellar. McCaleb can also be a co-founder of Ripple and a co-founder of the failed early cryptocurrency trade Mt. Gox.
Although McCaleb isn’t immediately concerned in Voltage Park, the corporate is a completely owned subsidiary of McCaleb’s non-profit group, Navigation Fund. The mum or dad group will obtain all of Voltage Park’s earnings, based on present stories.
Voltage Park isn’t the one crypto-related agency that’s transferring into AI and chip leases. In September, stories prompt that stablecoin agency Tether had entered an settlement with a Bitcoin mining agency known as Northern Information to offer cloud entry to AI chips.
Cloud chip leases are in any other case dominated by main tech companies, reminiscent of Nvidia and Google Cloud. It’s unclear whether or not smaller companies will be capable of compete.