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Zuckerberg wants to build artificial general intelligence with 350K Nvidia H100 GPUs
(www.theregister.com)
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I don't know much, but from what I know, we still haven't reach a point of diminishing returns, so more power = more better.
You can already ask ChatGPT to model a real life scenario with a simple math equation. There is at least a rough model of how basic math can be used to solve problems.
Not necessarily since you also need better techniques. A competitor could easily surpass you with less by being smarter about how the AI is trained.