Meta Commits Up to $60 Billion in AI Chips to AMD, Including Option for Equity Stake
Advanced Micro Devices said on Tuesday it agreed to sell as much as $60 billion in artificial intelligence chips to Meta Platforms over five years, in a deal that also gives Meta the option to acquire up to a 10% stake in the chipmaker. The arrangement follows a similar agreement AMD signed last year with OpenAI and is being read by analysts as ano…