Meta agrees $60bn deal with chipmaker AMD despite AI bubble fears

Meta, owner of Facebook and other platforms, has agreed to a $60 billion deal with AMD for AI chips over five years and will acquire 10% of the chip company, despite concerns about excessive spending in the AI sector. This significant investment underscores Meta's commitment to advancing its artificial intelligence capabilities, providing content creators with more powerful tools and infrastructure.

Read the full article at Artificial intelligence (AI) | The Guardian

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