Mark Zuckerberg indicates Meta is spending billions of dollars on Nvidia AI chips
cnbc.com
Summary: Meta, led by CEO Mark Zuckerberg, is investing billions in Nvidia's H100 graphics cards to build a massive compute infrastructure for AI research and projects. By end of 2024, Meta aims to have 350,000 of these GPUs, with total expenditures potentially reaching $9 billion. This move is part of Meta's focus on developing artificial general intelligence (AGI), competing with firms like OpenAI and Google's DeepMind. The company's AI and computing investments are a key part of its 2024 budget, emphasizing AI as their largest investment area.
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The real winners are the chipmakers.
Gold rush you say?
Shovels for sale!
Get your shovels here! Can’t strike it rich without a shovel!
I feel like a pretty big winner too. Meta has been quite generous with releasing AI-related code and models under open licenses, I wouldn't be running LLMs locally on my computer without the stuff they've been putting out. And I didn't have to pay a penny to them for it.
Subsized by boomers everywhere looking at ads on Facebook lol. Same with the Quest gear and VR development
Was wondering why my stock was up. AI already improving my quality of life.