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Feb 24

AMD Powers Meta's AI with $100 Billion Chip Deal

Building on its recent substantial investment, which saw the acquisition of millions of Nvidia’s AI chips last week, Meta has further reinforced its c

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Originally reported bytheverge

Building on its recent substantial investment, which saw the acquisition of millions of Nvidia’s AI chips last week, Meta has further reinforced its commitment to artificial intelligence infrastructure. The tech giant has now entered into a multi-year agreement to procure six gigawatts' worth of AMD processors, designated for its expanding network of AI data centers.

This significant strategic partnership could potentially lead to Meta holding a 10 percent ownership stake in AMD's stock. The agreement also aligns with a similar high-profile collaboration previously established between AMD and the prominent AI research organization, OpenAI, highlighting a growing trend in the industry's approach to AI hardware procurement.

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