Facebook owner Meta to buy AI chips from AMD in deal worth up to $100 billion

By MICHELLE CHAPMAN, AP Business Writer

Facebook owner Meta Platforms will buy artificial intelligence chips from Advanced Micro Devices in a deal that will also give it the opportunity to buy up to a 10% stake of the chip company.

News of the AMD deal comes just days after Meta announced a long-term partnership where it will use millions of chips and other equipment from Nvidia for its artificial-intelligence data centers.

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