this post was submitted on 19 Jan 2024
255 points (95.4% liked)

Technology

59605 readers
4488 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago
MODERATORS
L3s@lemmy.world
L3s@fry.gs
L4s@fry.gs
L4s@lemmy.world
enu@lemmy.world
255
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
51 comments fedilink hide all child comments
 

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.

you are viewing a single comment's thread
view the rest of the comments
[โ€“] 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.

[โ€“] 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.