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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