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Voltage Park to deploy $500M worth of Nvidia H100s to milk that AI hype

Oct 30, 2023 - theregister.com
AI infrastructure provider Voltage Park has acquired 24,000 Nvidia H100 accelerators, funded by a $500 million investment from a non-profit backed by billionaire Jed McCaleb. The company plans to lease these accelerators to enterprises, startups, and research institutions from early next year, addressing the compute shortage affecting AI innovators. Voltage Park is already leasing GPU resources to startups like Imbue and is finalizing clusters for Character.ai and Atomic AI.

The company's GPUs can be rented for as low as $1.89 an hour per GPU, a fraction of the price charged by Amazon Web Services for its H100-equipped P5 nodes. Voltage Park will offer between one and eight GPUs for on-demand customers, and up to 4,088 H100s for those willing to commit to a year-long lease. Other companies, like CoreWeave, are also capitalizing on the demand for AI hardware, building GPU clusters in collaboration with Nvidia.

Key takeaways:

  • Voltage Park has acquired 24,000 Nvidia H100 accelerators and plans to lease them to enterprises, startups, and research institutions.
  • The company received $500 million in funding from a non-profit backed by billionaire Jed McCaleb to purchase the chips.
  • Voltage Park is already leasing GPU resources to startups and plans to expand its offering to long and short term leases as well as provide hourly rates for individual GPUs.
  • The company's GPUs can be had for as little as $1.89 an hour per GPU, a fraction of the price Amazon Web Services is charging for time on its H100-equipped P5 nodes.
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