Mark Zuckerberg indicates Meta is spending billions of dollars on Nvidia AI chips - eviltoast
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
    31·
    10 months ago

    Pretty sure they’ll be given insight into the roadmap for that price, and be able to place speculative orders on upcoming generations.

      • wewbull@feddit.ukEnglish
        21·
        10 months ago

        Of course they do, but my point was that I doubt Meta is locked into this generation.

          • 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.

            • Rapidcreek@lemmy.worldEnglish
              11·
              10 months ago

              When you get product you pay for it. Spending means paying for it. You may have a contract for future product, but you don’t pay for the future product in advance as SOX rules kick in. Commonly, a chip development cycle can be at least 10 months.