Mark Zuckerberg revealed that Meta's computing infrastructure will include 350,000 of Nvidia's top-of-the-line H100 graphics processing units by the end of 2024. At average prices estimated to be around $25,000-$30,000 each, this suggests Meta could spend up to $9 billion on the H100 chips alone from Nvidia. The CEO said AI investment will be Meta's biggest area of focus and spending in 2024, for both engineering resources and computer hardware. Meta intends to responsibly open source its future "general intelligence," paralleling the strategy used for its Llama large language models.
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00:00 It's Benzinga and here's what's on the block.
00:02 Mark Zuckerberg revealed that Meta's computing infrastructure will include 350,000 of NVIDIA's
00:06 top-of-the-line H100 graphics processing units by the end of 2024. At average prices estimated to
00:13 be around $25,000 to $30,000 each, this suggests Meta could spend up to $9 billion on the H100
00:19 chips alone from NVIDIA. The CEO said AI investments will be Meta's biggest area of
00:24 focus in spending in 2024 for both engineering resources and computer hardware.
00:29 Meta intends to responsibly open-source its future general intelligence paralleling the
00:33 strategy used for its LLAMA large language models. Meta is developing LLAMA3 and has
00:39 integrated its Fair and Gen AI research teams to collaborate more effectively.
00:43 For all things money, visit Benzinga.com
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