Meta signs massive sixty billion dollar artificial intelligence chip agreement with AMD
AMD will supply Meta with $60 billion in AI hardware over five years. The pact includes custom CPUs and allows Meta to acquire a ten percent stake in AMD.
Insights:
Advanced Micro Devices, Inc. has reached a definitive agreement to sell up to $60 billion of artificial intelligence chips to Meta Platforms, Inc. over the next five years. This deal represents a significant multi-year revenue commitment for AMD and marks a notable change in the multi-year AI infrastructure sourcing for Meta, the company led by Mark Zuckerberg.
