Tech
Jon Keegan

Holding all the chips: Meta has nearly 600,000 Nvidia H100 GPUs

At the SIGGRAPH conference in Denver yesterday, Nvidia CEO Jensen Huang interviewed Meta CEO Mark Zuckerberg. The hour-long, wide-ranging conversation touched on Huang’s love of black leather jackets, Meta’s new Llama 3.1 large language model, and eating Zuckerberg’s “delicious” cows from his Hawaiian ranch.

Towards the end of the interview, Huang revealed an eye-popping stat that hasn’t been made public before. 

Huang and Zuckerberg were discussing how Nvidia bucked the norm of moving computing to smaller and smaller devices, and instead focused on building out massive computing systems powered by their specialized GPUs like the ones that Meta has invested heavily in. 

Huang said, “When Zuck calls it his ‘data center of H100s’ there's like, I think you're coming up on 600,000.”

Zuckerberg smiled and nodded in response. “We're good customers. That's how you get the Jensen Q&A at SIGGRAPH.”

The H100 GPUs are a hot item in the AI industry, and companies are hoarding them to train larger and larger AI models. The price for each GPU is estimated between $20,000 and $40,000 meaning Meta’s investment in Nvidia chips may be north of $12 billion. 

600,000
META’S H100 GPU HOARD
$20,000 to $40,000
Estimated COST OF EACH GPU
MORE THAN $12 BILLION Worth of Chips

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Meta projected 10% of 2024 revenue came from scams and banned goods, Reuters reports

Meta has been making billions of dollars per year from scam ads and sales of banned goods, according internal Meta documents seen by Reuters.

The new report quantifies the scale of fraud taking place on Meta’s platforms, and how much the company profited from them.

Per the report, Meta internal projections from late last year said that 10% of the company’s total 2024 revenue would come from scammy ads and sales of banned goods — which works out to $16 billion.

Discussions within Meta acknowledged the steep fines likely to be levied against the company for not stopping the fraudulent behavior on its platforms, and the company prioritized enforcement in regions where the penalties would be steepest, the reporting found. The cost of lost revenue from clamping down on the scams was weighed against the cost of fines from regulators.

The documents reportedly show that Meta did aim to significantly reduce the fraudulent behavior, but cuts to its moderation team left the vast majority of user-reported violations to be ignored or rejected.

Meta spokesperson Andy Stone told Reuters the documents were a “selective view” of internal enforcement:

“We aggressively fight fraud and scams because people on our platforms don’t want this content, legitimate advertisers don’t want it, and we don’t want it either.”

Per the report, Meta internal projections from late last year said that 10% of the company’s total 2024 revenue would come from scammy ads and sales of banned goods — which works out to $16 billion.

Discussions within Meta acknowledged the steep fines likely to be levied against the company for not stopping the fraudulent behavior on its platforms, and the company prioritized enforcement in regions where the penalties would be steepest, the reporting found. The cost of lost revenue from clamping down on the scams was weighed against the cost of fines from regulators.

The documents reportedly show that Meta did aim to significantly reduce the fraudulent behavior, but cuts to its moderation team left the vast majority of user-reported violations to be ignored or rejected.

Meta spokesperson Andy Stone told Reuters the documents were a “selective view” of internal enforcement:

“We aggressively fight fraud and scams because people on our platforms don’t want this content, legitimate advertisers don’t want it, and we don’t want it either.”

$350B

Google wants to invest even more money into Anthropic, with the search giant in talks for a new funding round that could value the AI startup at $350 billion, Business Insider reports. That’s about double its valuation from two months ago, but still shy of competitor OpenAI’s $500 billion valuation.

Citing sources familiar with the matter, Business Insider said the new deal “could also take the form of a strategic investment where Google provides additional cloud computing services to Anthropic, a convertible note, or a priced funding round early next year.”

In October, Google, which has a 14% stake in Anthropic, announced that it had inked a deal worth “tens of billions” for Anthropic to access Google’s AI compute to train and serve its Claude model.

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