NVIDIA’s AI Growth Accelerates as Tech Giants Invest Heavily in H100 GPU. NVIDIA Corp is gearing up to unveil its first-quarter earnings, with the company’s AI technology making significant strides in the tech industry. Major players in the technology sector are making substantial investments in NVIDIA’s AI infrastructure, demonstrating growing demand and adoption.
The AI landscape is being reshaped by large-cap tech firms’ substantial commitments to NVIDIA’s technology. A recent analysis by Business Insider highlights the pivotal role played by NVIDIA’s H100 GPU chip, priced at over $40,000, in powering advanced AI applications like ChatGPT and Anthropic.
During Tesla’s recent earnings call, CEO Elon Musk revealed plans to double the deployment of H100 GPU chips by the end of the year, further enhancing Tesla’s Full Self-Driving software capabilities. This expansion underscores the critical role that NVIDIA’s technology plays in enabling advanced autonomous driving systems.
“We’ve installed and commissioned 35,000 H100 computers or GPUs,” Musk disclosed. “Roughly 35,000 H100s are active, and we expect that to be probably 85,000 or thereabouts by the end of this year.” NVIDIA’s AI Growth Accelerates as Tech Giants Invest Heavily in H100 GPU.
Additionally, Meta Platforms has revised its capital expenditure forecast for 2024 upwards, citing investments in infrastructure to support its AI roadmap. The company has procured 850,000 H100 GPUs from NVIDIA, representing a retail value of approximately $30 billion and highlighting the growing importance of NVIDIA’s AI technology in shaping the future of AI-driven applications.
