Meta Channels Billions into AI Innovation
Meta founder Mark Zuckerberg has announced his company’s hefty investment in Nvidia graphics cards, pouring billions into the development of artificial general intelligence (AGI). This AI aims to execute tasks with human-like proficiency. Zuckerberg anticipates Meta’s inventory of H100 graphics cards to reach 350,000 units by the end of 2024.
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Meta founder Mark Zuckerberg has announced his company's hefty investment in Nvidia graphics cards, pouring billions into the development of artificial general intelligence (AGI). This AI aims to execute tasks with human-like proficiency. Zuckerberg anticipates Meta's inventory of H100 graphics cards to reach 350,000 units by the end of 2024.
The market price for these Nvidia graphics cards is highly variable, oscillating between $25,000 and $35,000 each, primarily due to the constrained supply and robust demand from diverse sectors. However, Zuckerberg has kept the details about the current number of GPUs in Meta's possession under wraps.
In the wake of these revelations, Nvidia's stock rose to $576, hitting a new record high.
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