Meta's Massive AMD Chip Deal: Powering AI's Next Revolution
Meta inks multi-billion dollar chip agreement with AMD, potentially acquiring 10% stake as it accelerates AI model development and deployment.
Meta, the tech giant behind Facebook, has struck a groundbreaking multi-billion dollar chip deal with AMD, the renowned semiconductor company. This move could lead to Meta acquiring a 10 percent stake in AMD, sending the chipmaker's shares surging on Tuesday.
The partnership underscores Meta's relentless pursuit of cutting-edge technology to power its ambitious AI initiatives. The social media giant has committed to acquiring a total capacity of 6 gigawatts of customized chips from AMD, a move that will enable Meta to rapidly develop and deploy its AI models at an unprecedented scale.
{{IMAGE_PLACEHOLDER}}Source: Ars Technica
