Meta could end up owning 10% of AMD in new chip deal
by Michael Acton, Financial Times from Ars Technica - All content on (#73STT)
Meta has struck a multi-billion dollar chip deal with AMD that could lead to the Facebook owner taking a 10 percent stake in the group, sending shares in the US chipmaker surging on Tuesday.
The social media giant said it would acquire customized chips with a total capacity of 6 gigawatts from AMD as it races to develop and deploy its AI models.
AMD's chief executive Lisa Su said that each gigawatt of compute is worth double-digit billions" under the deal.