European AI effort questioned as Meta outspends Germany on chips
5 reported
A recent analysis by Pieter Garicano and Simon Grimm, highlighted by Jesper, questions the effectiveness of a potential European AI model compared to the efforts of Meta. The authors note that Meta is projected to spend $125 billion on chips this year, which exceeds Germany’s defense budget of $114 billion. Additionally, Meta offers salaries of over $100 million to attract top researchers, yet the company is still failing to catch up in the AI race. The analysis suggests that European champions should consider whether their own efforts would be more effective than Meta’s current approach.
What’s reported
Meta will spend $125 billion on chips in the current year.
Germany’s defense budget is $114 billion.
Meta offers salaries of over $100 million to attract researchers.
Meta is described as still failing to catch up in AI.
The analysis is by Pieter Garicano and Simon Grimm, via Jesper.
Key figures
Pieter Garicano (analyst)
Simon Grimm (analyst)
Jesper (source of the analysis)
Sources: marginalrevolution.com
