So at 20k a pop (assuming meta has a decent wholesale price from Nividia) they spent $320 MILLION on the 405B model (not including probably 5-10 million in electricity for the training process, water, staff, infra).
Do we think that brings more than 400+ million in value to Meta? I think so. I don't want to do the math, so I'll ask Perplexity to look it up:
> "How much has Meta's valuation increased since they released their first open source model"
Answer (edited):
> Closing price on February 23, 2023: $509.50 > Closing price on October 11, 2024: $573.68 > The increase in stock price is $64.18 per share. > Total increase = Price increase per share × Number of outstanding shares > Total increase = $64.18 × 2,534,000,000 = $162,632,100,000 > Meta's stock valuation has increased by approximately $162.63 billion since the release of their first open source model on February 24, 2023.
They seem to be making the right choices!