Iain Martin / Forbes:

Tether spent ~$420M on 10K Nvidia H100 GPUs and a 20% stake in Frankfurt-based bitcoin miner Northern Data, which plans to rent the chips to AI startups  —  A $40,000 computer chip has become one of the hottest commodities in the tech industry.  Startups are scrambling to buy up Nvidia's H100 …

Iain Martin / Forbes:

Tether spent ~$420M on 10K Nvidia H100 GPUs and a 20% stake in Frankfurt-based bitcoin miner Northern Data, which plans to rent the chips to AI startups  —  A $40,000 computer chip has become one of the hottest commodities in the tech industry.  Startups are scrambling to buy up Nvidia's H100 …

Source: TechMeme
Source Link: http://www.techmeme.com/230921/p46#a230921p46