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New nonprofit backed by crypto billionaire scores AI chips worth $500M

From TechCrunch

By Kyle Wiggers

October 31, 2023

New nonprofit backed by crypto billionaire scores AI chips worth $500M

It’s strange times we’re 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(c)(3) nonprofit that purchased 24,000 […]

© 2023 TechCrunch. All rights reserved. For personal use only.

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