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This article originally appeared on Business Insider.
Nvidia’s CEO recently opened up about the allocation of high-demand chips.
The comments have once again brought attention to the vast wealth of meta boss Mark Zuckerberg.
Jensen Huang told investors on Wednesday that the company is doing its best to share chips equally amid unprecedented demand.
In a conference call with analysts after Nvidia’s fourth-quarter results, Huang said, “We’re doing our best to allocate fairly and avoid unnecessary allocations.”
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 told The Verge that by the end of 2024, Meta will 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, considering 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.
The AI chip maker on Wednesday reported better-than-expected quarterly sales, with fourth-quarter sales of $22.1 billion, up 265% from a year earlier. NVIDIA stock rose about 15% in pre-market trading after a blockbuster sale, Business Insider reported.
Meta did not immediately respond to BI’s request for comment.
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