Nonprofit Organization Purchases 24,000 Nvidia AI Chips for $500 Million
The deployment of the 24,000 chips should be completed by February 2024.
Jed McCaleb is an American programmer and entrepreneur.
Jed McCaleb, an American programmer and entrepreneur, Stellar co-founder, believes in consciously leveraging technology to reduce inefficiency and improve the human condition. He created eDonkey, one of the largest file-sharing networks of its time, as well as Mt. Gox, the first bitcoin exchange. In 2011, Jed founded Ripple. Recognizing that the world’s financial infrastructure is broken and that too many people are left without resources, he co-founded Stellar in 2014.
Jed leads technical development of Stellar, a universal financial network that aims to increase economic participation for all individuals. The Stellar network is supported by Stellar.org, a nonprofit that couples technology with digital financial literacy and contributes to open-source software. Jed is also an advisor to MIRI, which researches artificial intelligence for positive impact.
Stellar
Jan 1st, 1975
American
San Francisco, California, United States
University of California, Berkeley, drop out
1168
$2.7 B
Stellar - Co-Founder
Pantera Capital - Venture Partner
Machine Intelligence Research Institute
Ripple - Co-Founder, CTO - 2011-2013
Mt. Gox - Founder - 2007-2012
Code Collective - Founder - 2007-2009
The deployment of the 24,000 chips should be completed by February 2024.
Currently, the company is recruiting staff and attracting former employees of companies like SpaceX and Blue Origin. It is known that one of the key advisers is Hans Koenigsmann, who was previously the top engineer at SpaceX firm.
A number of XRP proponents seem to be celebrating the dumping of the XRP tokens by Jed McCaleb for reasons that may be personal to these individuals.
The former co-founder of Ripple Labs, Jed McCaleb, is weeks away from running out of XRP since he has been continually dumping the crypt asset for eight years.
The XRP community and investors worry about what happens to their holdings in case the two parties decide to settle the scores but without taking into account the interests of the XRP token holders.