"Meta's Billion-Dollar Investment in Nvidia AI Chips Revealed by Mark Zuckerberg"

Meta, led by Mark Zuckerberg, is investing billions of dollars in Nvidia's AI chips, particularly the H100 graphics cards, as part of its massive compute infrastructure for AI research and projects. The company plans to have 350,000 H100 graphics cards by the end of 2024, with total expenses for 2024 estimated to be between $94 billion to $99 billion, driven in part by computing expansion. Meta's focus on artificial general intelligence (AGI) and its collaboration between the Fundamental AI Research team (FAIR) and GenAI research team are key priorities, with plans to "open source responsibly" its yet-to-be developed "general intelligence."