Meta spends $9B on GPUs

Market Overview
Read time 1.4 minutes

Year To Date Performances:

1. Meta is significantly investing in Nvidia's advanced computer chips to bolster its artificial intelligence projects. Mark Zuckerberg announced on Instagram Reels that by 2024, Meta intends to incorporate 350,000 Nvidia H100 graphics cards into its computing infrastructure. This investment is critical for their AI development. Additionally, Meta's infrastructure will include nearly 600,000 H100 equivalent GPUs, considering other models as well. This expansion reflects Meta's dedication to artificial general intelligence (AGI) research and matches their projected 2024 expenses of $94 to $99 billion. Meta also plans to open-source its AI developments and is collaborating on new technologies.

2. Ford Motor is adjusting its production strategy by increasing the output of its Bronco SUV and Ranger pickup while scaling back production of the all-electric F-150 Lightning. This decision aligns with current customer demand trends. Despite the popularity of the F-150 Lightning, Ford is shifting focus to optimize growth and profitability. The change will result in production shifts at Ford's manufacturing facilities, affecting employment and production dynamics. This move reflects the ongoing adjustments in the automotive industry, particularly in the EV segment, to meet evolving market demands and consumer preferences.

3. Airdeed Homes investment property email is perfect for professionals who can't dedicate hours a day to finding cash-flowing rental properties. Our revenue-based list delivers an average of 68 newly listed properties, including 13 LTRs over the 1% rule and 4 STRs over 10% gross, to your email Tuesday through Sunday. Time is money, so start saving time for only $19.99 per month and find your next passive real estate investment.*

4. Headlines

   1. A 6.2% decline in home sales in December contributed to the worst US real estate sales year since 1995.

   2. Delta CEO has announced that they are moving forward with the purchase of new Boeing planes despite safety concerns.

   _{* This is sponsored content.}

Are you looking to grow your business? Here is how I can help:

📢 Promote your startup to 2,000+ VCs including investors from a16z, YC, Techstars, Rarebreed, Sequoia and more.

📱 Book a Strategy Call to get 1:1 feedback on your pitch, pitch deck and/or fundraising strategy. (If you need general startup advice, then reply to this email, and I’ll let you know if/how I can help.)

📺 Access FundraiseOS, the ultimate fundraising course with video lessons and practical worksheets helping with everything from deciding how much to raise to understanding a term sheet.

💸 Promote your product or service to 100,000+ entrepreneurs.

🌐 Connect with me on LinkedIn or X (formerly Twitter) to get access to new content about startups, fundraising, venture capital, and more every day.

Liam’s Exclusive Partner Discounts:

• Get 20% off any plan (up to $2,400) in savings with Kintsugi, the automated tax platform for startups. 

Onwards and Upwards,

Liam Gill