Lightning AI and Voltage Park Merge to Form Comprehensive AI Cloud

AI startup Lightning AI has merged with computing power provider Voltage Park to establish a comprehensive AI cloud platform. According to Odaily, the newly formed company will retain the name Lightning AI and is valued at over $2.5 billion, with annual recurring revenue exceeding $500 million. Lightning AI is known for developing the open-source tool PyTorch Lightning, while Voltage Park was founded with a $900 million grant from Navigation Fund, a nonprofit organization led by Ripple and Mt. Gox co-founder Jed McCaleb. The merger will see Navigation Fund holding a significant equity stake in the new entity, which manages over 35,000 Nvidia GPUs.