In a recent development, Meta Platforms Inc (NASDAQ:META) CEO Mark Zuckerberg has hinted at the company’s massive investment in NVIDIA Corp (NASDAQ:NVDA) AI chips.

The H100, which was released in late 2022, is estimated to be priced between $25,000 and $30,000 by analysts at Raymond James. This could mean Meta’s expenditure on these chips could be close to $9 billion.

Zuckerberg also mentioned that Meta’s compute infrastructure will include “almost 600k H100 equivalents of compute if you include other GPUs.” This investment is crucial as Meta is focusing on artificial general intelligence (AGI) research, which Zuckerberg described as a “long term vision” for the company.

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Meta’s Chief Scientist Yann LeCun emphasized the significance of GPUs in AGI research during a recent event in San Francisco. He stated, “There is an AI war, and he’s supplying the weapons,” referring to Nvidia CEO Jensen Huang.

Meta’s total expenses for 2024 are projected to be between $94 billion and $99 billion, partly due to its computing expansion, as per the company’s third-quarter earnings report.

Despite this, Nvidia remains a key player in the AI chip market, with its recent shift to designing lower-powered AI chips in response to U.S. regulations and its role in the generative AI surge, especially following OpenAI’s ChatGPT launch, marking it as a key player in AI advancements.

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