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

submitted 10 months ago by 31337@sh.itjust.works to c/technology@lemmy.world

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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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[–] wewbull@feddit.uk 1 points 10 months ago (1 children)

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

[–] Rapidcreek@lemmy.world 0 points 10 months ago (1 children)

The article says "by the end. Of the year" they will spend billions

[–] wewbull@feddit.uk 0 points 10 months ago (1 children)

"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.world 0 points 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.