Mark Zuckerberg said the company will have 350,000 NvidiaH100 graphics processing units and overall almost 600,000 H100 compute equivalent GPUs by the end of this year. The H100 is Nvidia’s current top-of-line data center GPU and costs roughly $25,000 per GPU, according to a slide in an earlier company presentation that showed a 16 H100 GPU system costs $400,000. Though, it is unknown at what price Meta can purchase the H100, a quantity of 350,000 at $25,000 per GPU comes to nearly $9 billion.
- Date Posted:
- January 18, 2024
We find that the effects of monetary policy vary substantially with the underlying level of inflation in the economy. For most of our post-WWII sample, inflation has been less than 5.5% in the U.S., which our model identifies as a period during which monetary policy has no meaningful effects on labor markets. Even though our sample ends in 2007 due to the availability of the instrument series used to identify the effects of monetary policy, our results are consistent with the recent “soft landing” of the U.S. economy. On the other hand, when inflation is between 5.5 and 11%, the effects of monetary policy are larger and longer-lasting, since variables are much more persistent in this regime, and the effects of monetary policy on unemployment are sizable and significant.