A new nonprofit called Navigation Fund created by crypto billionaire Jed McCaleb purchased $500 million worth of NVIDIA H100 AI chips, making it one of the largest AI computing clusters in the world. Navigation Fund handed ownership of the chips to Voltage Park, a for-profit organization that functions as a subsidiary of Navigation Fund. The H100 or “Hopper” is a powerful chip from NVIDIA, the chip manufacturer that currently dominates the AI chip industry but is seeing pressure and innovation from competitors. The H100 launched in the spring of 2022 and features 80 billion transistors and fas…