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

TechCrunch
By Kyle WiggersOct 31, 2023, 10:23 am113 pts
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…

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