John Tucker

Meta Platforms has agreed to deploy millions of NVIDIA's processors over the next few years.

Meta already accounts for about 9% of NVIDIA's revenue.

We're committing to use more AI processors and networking equipment.

And for the first time, it also plans to rely on NVIDIA's Grace central processing units.

Just one NVIDIA AI accelerator costs an average $16,000.

So that means a million of the chips would cost more than $16 billion.

Meta's CEO Mark Zuckerberg has made AI the top priority, pledging to spend hundreds of billions of dollars.

NVIDIA systems are

considered the gold standard, but rivals are offering alternatives, and even Meta is working on building its own in-house components.

In New York, I'm John Tucker, Bloomberg Radio.

Good morning, Karen.

Buffett's Berkshire Hathaway slashed its stake in Amazon by more than 75% in the fourth quarter.

It now owns roughly 2.3 million shares of the company.

And what did Buffett dump Amazon for?

The New York Times.

This marks his last new bet as CEO of Berkshire.

A regulatory filing shows Berkshire acquired 5.1 million shares of the Times.

It's a stake that was worth almost $352 million last year.

Berkshire first bought a stake in Amazon back in 2019.

Buffett said at the time that despite his aversion to tech stocks, he'd been an idiot for not buying the online retail giant's shares.