The tech giant's strategy is to become an AI-first company, with initiatives such as the large language model Llama 2, the Ray-Ban Smart Glasses with an AI assistant, and celebrity AI chatbots on Messenger and WhatsApp. Zuckerberg is also aiming for advanced AI technology, known as artificial general intelligence. Despite semiconductor shortages, Meta's stockpile of Nvidia AI chips could pose a challenge for other companies wanting to capitalize on the AI trend.
Key takeaways:
- Meta is set to own more than 340,000 of Nvidia's H100 chips by the end of 2024, and estimates a total stockpile of 600,000 chips, including Nvidia's A100s and other AI chips, by year-end.
- CEO Mark Zuckerberg is aiming to make Meta an AI-first company, and is on a quest to achieve advanced AI technology, known as AGI or artificial general intelligence.
- In 2023, Nvidia shipped 150,000 of its H100 chips to Meta, three times more than to companies including Google, Amazon, and Oracle, according to data from Omdia Research.
- Zuckerberg has suggested that Meta's large capacity to stockpile Nvidia AI chips may cause difficulties for other companies wanting to acquire these chips.