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Mark Zuckerberg indicates Meta is spending billions of dollars on Nvidia AI chips

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

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

Mark Zuckerberg indicates Meta is spending billions of dollars on Nvidia AI chips

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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