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

submitted 9 months ago by [email protected] to c/[email protected]

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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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[–] [email protected] 2 points 9 months ago

No what I meant is that everyone is currently hellbent into having a recession so they can magically afford to buy a house. The recession was coming since China got cock blocked from purchasing EUV systems by the US government. This in turn means that the company making these machines and the companies hoping to use them....as well as their investments where going to bite the dust. However now Mr SuckmyVerga is investing in these new devices using the new machines from vendors not affected by the embargo. Which means that there won't be a recession in chips. Probably. Maybe. I don't know what you were talking about. But I was referring to us homeless who cannot afford to buy a home...which does include library homeless and currently here in Seattle popsicle homeless. Well I guess in most of the US actual homeless people are in libraries or popsicles. Those people suffer tremendously so don't let my sarcastic cynicism fool you, my parents had food stamps and I had soggy cereal for breakfast plenty of time. I can't believe anyone could survive being outside in the past couple of weeks without heating.