- Nvidia chips remain in high demand, especially from technology companies.
- The CEO told investors that he is doing his best to allocate investors fairly.
- Mark Zuckerberg recently said that Meta will have 340,000 Nvidia H100 chips by the end of 2024.
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Nvidia’s CEO recently opened up about the allocation of high-demand chips.
The comments brought renewed attention to meta boss Mark Zuckerberg’s vast wealth.
Jensen Huang told investors on Wednesday that the company is doing its best to share chips equally amid unprecedented demand.
“We do our best to allocate fairly and avoid unnecessary allocations,” Huang said. said on the phone Analysts are following Nvidia’s fourth quarter results.
Huang was responding to questions about the distribution of chips among companies, many of them competitors, competing for limited supplies.
“Fundamentally, we want to allocate fairly while avoiding waste and looking for opportunities to connect partners and end users,” he said.
On the other hand, Mr. Zuckerberg “Top-level product group” centered on generative AI.
Last month, Zuckerberg said: The Verge By the end of 2024, Meta plans to have more than 340,000 Nvidia H100 GPUs, the primary chip that enterprises use to train and deploy AI models.
The CEO said Meta expects to accumulate 600,000 GPUs by the end of the year, taking into account other types of chips.
A surge in global demand for the chip has driven Nvidia’s stock price significantly higher over the past 12 months.
AI chip maker reports better-than-expected results quarterly Revenue for the quarter was $22.1 billion, an increase of 265% year over year.NVIDIA stock soars Almost 15% in pre-market Transactions after posting Big hit productBusiness Insider reported.
Meta did not immediately respond to BI’s request for comment.