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.
The real winners are the chipmakers.
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.
