There was a movie called Jery McGuire that was about a football agent and one of his clients in the movie said “show me the money! and had Jerry repeat the phrase. That phrase is a good way to examine how companies spending their money on. What you as an individual or what a company spends money on or the allocation of resources, is the priority.
In an article by Jaspreet Singh and Aditya Soni of Reuters, Mark Zuckerberg said, Meta Platforms will spend hundreds of billions of dollars to build several massive AI data centers for superintelligence.
The social media giant is among the largest tech companies in the world. The first multi gigawatt data center dubbed Prometheus is expected to come online in 2026.
Industry publication Semi Analysis noted Meta was on track to be the first AI lab to bring a gigawatt-plus supercluster online.
Meta the owner of Facebook and many other sites generated $165 billion in revenue last year, reorganized its AI efforts under a division called Superintelligence Labs. The division is to be led by former Scale AI CEO Alexadr Wang and ex-GritHub chief Nat Friedman. Meta bought Scale for $14.3 billion.
Linking to dividend paying stocks, profitable companies generate lots of revenues and one of the most important jobs of the Senior Executive is the allocation of resources or show me the money. When you do your homework, because homework is never done, how your companies allocated their resources is what is important?
There are more questions than answers, till next time – to raising questions.