CEO Mark Zuckerberg announced on Instagram that Meta Platforms will be equipped with a substantial number of graphics processing units (GPUs). By the end of the year, the company plans to have 350,000 Nvidia H100 GPUs and a total of approximately 600,000 H100 compute equivalent GPUs. These GPU investments are a part of Meta's long-term vision to develop general intelligence and make it accessible to everyone.

With a focus on artificial intelligence (AI), Meta is actively building a robust compute infrastructure to support its future AI roadmap. The company is particularly excited about incorporating AI technology into various devices, including its Ray Ban smart glasses.

Nvidia's GPUs are highly sought after by startups and enterprises due to their suitability for parallel computations required in AI projects. However, Meta has not provided specific details regarding the timing of its H100 purchases or whether the other H100 equivalent GPUs are from different third parties or other Nvidia GPU models.

Nvidia has declined to comment on the timing of Meta's H100 purchases, while Meta Platforms has not disclosed the pricing for acquiring the H100. Considering an estimated cost of $25,000 per GPU, a quantity of 350,000 H100 GPUs would amount to nearly $9 billion.

Following the announcement, Meta stock experienced a 0.9% increase in premarket trading after already gaining 2.1% on Thursday.

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