Mark Zuckerberg Is Sitting on a Huge Stockpile of AI Chips as Companies Compete for Limited Supplies

This article originally appeared on Business Insider.

Nvidia’s CEO recently shed light on the allocation of its in-demand chips.

The comments have brought Meta boss Mark Zuckerberg’s extensive stockpile back into the spotlight.

Jensen Huang told investors on Wednesday that the company was doing its best to share the chips evenly amid unprecedented demand.

“We do the best we can to allocate fairly and to avoid allocating unnecessarily,” Huang said in a call with analysts following Nvidia’s fourth-quarter results.

Huang was responding to a question about distributing chips between the companies fighting over a limited supply, many of which are competitors.

“At the core of it, we want to allocate fairly, avoiding waste,

→ Continue reading at Entrepreneur

More from author

Related posts

Advertisment

Latest posts

Crypto exchange Gemini to pay $1.1 billion back to customers | CNN Business

CNN  —  Gemini Trust, a cryptocurrency exchange founded by Cameron and Tyler Winklevoss, will return at least $1.1...

Meta accused of ‘massive, illegal’ data collection operation by European consumer rights groups | CNN Business

London CNN  —  European consumer rights groups have accused Meta, the owner of Facebook and Instagram, of carrying out...

White House calls on Fox News executives to retract bogus FBI informant claims against Biden | CNN Business

Editor’s Note: A version of this article first appeared in the “Reliable Sources” newsletter. Sign up for the daily digest chronicling the evolving media...