20 AI News That Broke The Internet This Month

Page 17 of 19

3. Meta Platforms, Inc. (NASDAQ:META)

Number of Hedge Fund Holders: 219

Meta Platforms, Inc. (NASDAQ:META) engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. Latest reports indicate that Meta Platforms, Inc. (NASDAQ:META) has chosen Arista Networks to provide the networking for a massive AI model training cluster that will be powered by over 100,000 GPUs. Meta will use NVIDIA H100 GPUs for the cluster that features $2 billion worth of chips. It will train the Llama 4 large language model. Investment advisory Evercore ISI claims the deal would represent a $250 million revenue opportunity for Arista Networks. At the annual Meta Connect event held this month, Meta unveiled new versions of Llama, augmented reality Orion glasses, and mixed-reality product Quest 3s.

Page 17 of 19