All articles tagged with #h100 gpus
Elon Musk confirmed that 12,000 Nvidia H100 GPUs originally ordered for Tesla were redirected to his private firms X and xAI to prioritize their AI projects. Tesla will receive its GPUs in January and later this month. This decision has raised concerns among Tesla investors and critics, especially ahead of a crucial shareholder vote. The move comes amid Tesla's financial struggles and declining stock performance.
Susquehanna raised Nvidia's price target ahead of its Q4 earnings report, expecting strong results and guidance driven by solid data center GPU demand, particularly in AI. Analysts estimate Q4 earnings of $4.56 per share on $20.33B in revenue. The ramp of Nvidia's H100 GPUs to large customers and confidence in supply increase through the year provide optimism for Q1 guidance, despite potential mixed performance in gaming and automotive segments. Additionally, Nvidia has reportedly partnered with SoftBank to establish global AI processing standards using mobile network base stations.
Meta, led by CEO Mark Zuckerberg, plans to purchase 350,000 Nvidia H100 GPUs by the end of 2024 to bolster its AI infrastructure and advance its open-source artificial general intelligence (AGI) initiatives. The investment aims to support a wide range of applications, from productivity and development to wearable technologies and AI-powered assistants. The high demand for H100 GPUs has led to long lead times, but the increased computing power and processing speed are driving companies like Meta to procure these cutting-edge AI resources, with each GPU costing between $30,000 to $40,000.
Mark Zuckerberg announced that Meta, formerly known as Facebook, will have billions of dollars worth of Nvidia H100 GPUs by the end of the year, as the company continues to invest in its metaverse and virtual reality initiatives.
Mark Zuckerberg announced that Meta plans to own billions worth of Nvidia H100 GPUs by the end of the year, signaling the company's commitment to investing in advanced technology to support its metaverse ambitions.