AI Daily: Meta shuffles AI team to speed up rollouts

Catch up on the top artificial intelligence news and commentary by Wall Street analysts on publicly traded companies in the space with this daily recap compiled by The Fly:

AI TEAM: Meta is restructuring its AI teams to speed up the rollout of new products and features, Axios’ Ina Fried reports. Meta (META) faces stiff competition in the AI race, including from Microsoft (MSFT)-backed OpenAI and Google (GOOGL) as well as Chinese rivals such as TikTok parent ByteDance. In an internal memo sent Tuesday and seen by Axios, chief product officer Chris Cox laid out the new structure, which will see efforts divided into two teams: an AI products team, headed by Connor Hayes, and an AGI Foundations unit, co-led by Ahmad Al-Dahle and Amir Frenkel. No executives are leaving as part of the changes, nor are any jobs being cut, though the company has moved in some leaders from other parts of the company, the writer notes.

CHEAPER BLACKWELL AI CHIP: Nvidia (NVDA) is planning to launch a new AI chipset for China at a much lower price than its recently restricted H20 model and plans to begin mass production as early as June, Liam Mo and Fanny Potkin of Reuters report, citing sources familiar with the matter. The graphics processing unit, GPU, will be part of Nvidia’s Blackwell-architecture AI processors and is expected to cost between $6,500-$8,000.

NVIDIA CHIPS: Oracle (ORCL) will spend around $40B on Nvidia’s high-performance computer chips to power OpenAI’s new giant U.S. data center, according to Financial Times. Oracle will purchase around 400,000 of Nvidia’s GB200 chips, its latest “superchip” for training and running AI systems, and lease the computing power to OpenAI, according to FT’s Tabby Kinder and George Hammond, citing several people familiar with the matter.

AI FACTORY: A Swedish business consortium and NVIDIA unveiled plans to build new AI infrastructure with NVIDIA accelerated computing, networking and software in Sweden to transform and prepare the country’s leading industries for the age of AI. Swedish industry giants AstraZeneca (AZN), Ericsson (ERIC), Saab (SAABF), SEB, in partnership with Wallenberg Investments, will build the system that will be operated by a joint company to offer secure, sovereign compute access to the industry partners. The intention is that the first phase of the deployment will be two NVIDIA DGX SuperPODs featuring NVIDIA’s latest generation Grace Blackwell GB300 systems, making it the largest enterprise AI supercomputer in Sweden once operational. It will be used to run compute-heavy AI workloads to speed up processes such as training of domain specific AI models and large-scale inference, including reasoning AI.