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.

  • t_berium@lemmy.worldEnglish
    61·
    10 months ago

    Consumer GPU shortage from hell incoming. Why would Nvidia waste their production on low end GPUs, if they can sell AI GPUs for what… 70K USD a piece? This might become worse than the shortages because of mining.