A New Hope for AI Infrastructure
In a world grappling with an artificial intelligence chip deficit, innovative solutions are surfacing. The Navigation Fund, led by Ripple co-founder Jed McCaleb, has officially launched a cloud service designed to alleviate the challenges faced by those seeking machine learning (ML) capacity. Debuting on October 29, the platform now offers flexibility with leasing that spans hourly, monthly, or long-term options.
Voltage Park: The Powerhouse Behind Machine Learning
At the heart of this initiative lies Voltage Park, a spinoff of the Navigation Fund, which is ready to cater to large-scale users in need of top-tier performance.
- With a staggering 24,000 NVIDIA H100 GPUs, Voltage Park is positioned to deliver hefty computing power.
- The clusters are strategically set to be established in Texas, Virginia, and Washington, as shared by CEO Eric Park.
- Current offerings include auctions for contracts on 1,560 GPUs—an enticing opportunity for startups and researchers alike.
The Great Auction: What You Need to Know
Voltage Park is now in the throes of auctioning contracts for access to its GPUs, each ranging between one to three months. The buzz around this is palpable, especially in light of its recent statement that reads, “The market for cutting-edge ML compute is broken.”
Research and industry giants scramble for leases in a competitive race for chip access, underscoring the thirst for substantial machine learning capabilities.
Funding the Future of AI
The Navigation Fund aims to turn the tide on AI accessibility with plans for grants and expanded services in 2024. Beyond ML, the Fund intends to champion initiatives for
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