Meta appears poised to spend billions of dollars by the end of this year on Nvidia's popular computer chips that are widely used for AI projects

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.

  • wewbull@feddit.ukEnglish
    11·
    10 months ago

    “spend billions” does not equal “hand over cash and take home GPUs”. It’ll mean a contract worth that amount with delivery terms defined over time. Even over the course of a year there’s likely to be newer product than Lovelace.