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.
AMD (AMD) is collaborating with Meta Platforms (META) to deploy up to 6 gigawatts of AMD Instinct chips to power Meta’s next generation of AI infrastructure.
Advanced Micro Devices shares surged Tuesday after the chipmaker said it struck a big AI chip deal with Meta Platforms.
AMD will purchase $150 million in Nutanix stock and fund up to $100 million for Nutanix to use on joint engineering ...
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