3 ms·
Meta's stock crashed 10% on announcing $10 bil extra in annual capex (All in GPUs) Meta does not have unlimited financial firepower to release models for free.
by anonylizard 2y ago
Meta's stock crashed 10% on announcing $10 bil extra in annual capex (All in GPUs)
Meta does not have unlimited financial firepower to release models for free. Its like saying you can't compete against someone who burns money. In theory true, in practice the 'someone' can run out of money.
Chinese models can get state backing. Mistral has French state backing etc. There's plenty of money to go around for huge technologies like this.
- spacebanana7 2y agoMeta has spent $46B on VR since 2021. AI has a much stronger business case. Zuckerberg’s budget for side projects is bigger than most countries’ defence budgets. https://www.fool.com/investing/2024/04/01/meta-platforms-has-spent-46-billion-on-the-metaver/ https://www.fool.com/investing/2024/04/01/meta-platforms-has...