Jed McCaleb, co-founder of Ripple, has purchased approximately $500 million worth of Nvidia chips through his cloud computing organization for the purpose of establishing an AI chip cluster.

According to BlockBeats news on October 30th, Voltage Park, an artificial intelligence cloud computing organization, announced that it has purchased Nvidia chips worth approximately $500 million. The company currently owns 24,000 Nvidia H100 chips and plans to establish a Nvidia artificial intelligence chip cluster in the United States. Public information shows that Voltage Park is a wholly-owned subsidiary of Navigation Fund, a fund owned by Jed McCaleb, co-founder and chief technology officer of Ripple. All profits earned by Voltage Park need to be surrendered to Navigation Fund, but Jed McCaleb currently does not hold any position on the board of Voltage Park.