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Mark Zuckerberg indicates Meta is spending billions of dollars on Nvidia AI chips (www.cnbc.com)

submitted 7 months ago by 31337 to c/[email protected]

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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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[–] [email protected] 92 points 7 months ago (4 children)

The real winners are the chipmakers.

[–] [email protected] 67 points 7 months ago

Gold rush you say?

Shovels for sale!

Get your shovels here! Can’t strike it rich without a shovel!

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