Cryptocurrency Billionaire Invests $500 Million in NVIDIA Chips for AI
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The nonprofit organization Voltage Park, funded by cryptocurrency founder Jed McCaleb, has recently acquired 24,000 Nvidia H100 AI chips worth $5 billion. Voltage Park plans to lease out the computational power of these chips at a lower rent to various companies, aiding them in training their AI models. With the surge in popularity of ChatGPT, the demand for Nvidia chips has skyrocketed, and Voltage Park's investment is seen as a move to alleviate the strain on chip supply. These chips will be deployed in data centers across three states in the U.S. As a significant purchaser of Nvidia chips, Voltage Park is expected to play a crucial role in the AI chip sector.
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