according to Forbes, AI startup Lightning AI has merged with computing power provider Voltage Park to create a "full-stack AI cloud." The merged company will be named Lightning AI, valued at over $2.5 billion, with annual recurring revenue exceeding $500 million. Lightning AI is the developer of the open-source tool PyTorch Lightning, while Voltage Park was established with $900 million funding from the nonprofit Navigation Fund, founded by Ripple co-founder and Mt. Gox co-founder Jed McCaleb. Voltage Park manages over 35,000 Nvidia GPUs, and after the merger, Jed McCaleb's Navigation Fund will hold a significant equity stake in the new company.