Posted 1/27/2024, 1:20:00 PM
Meta Signs $10 Billion Deal with Nvidia for 350,000 AI Accelerator Chips
- Meta plans to install 350,000 Nvidia H100 GPUs in its data centers by end of 2024, likely spending $8.8B-$10.5B
- Massive GPU purchase shows Meta expects AI market to expand rapidly
- Allays concerns that companies will soon replace Nvidia GPUs with own chips
- Raises questions about Meta's finances and ability to balance investments
- Deal benefits both Nvidia (more data center sales) and Meta (better AI) long-term