Meta Platforms Inc. (NASDAQ:META) has set a goal of buying 350,000 Nvidia Corp. (NASDAQ:NVDA) H100 GPUs by 2024 to power its AI ambitions, but that was not Mark Zuckerberg's original intention.
What Happened: Zuckerberg revealed that Meta's massive $1 billion bet on Nvidia's H100 GPUs was originally meant to be used for a different product, not AI.
In a recent episode on Dwarkesh Patel's podcast, Zuckerberg spilled the beans on something previously unknown – those 350,000 Nvidia H100 GPUs were to help make Instagram Reels better, not to help make Meta a leading AI company.
But how did Zuckerberg even know Meta would need $1 billion worth of GPUs? Zuckerberg explains that Instagram Reels is ...