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Meta and AMD just announced another blockbuster chip deal
AMD CEO Lisa Su.Caroline Brehman / AFP via Getty ImagesMeta has agreed to buy 6 gigawatts' worth of AMD's AI chips.It comes after Meta recently agreed to a separate chip deal with Nvidia.AMD has also been striking deals with Big Tech companies.Meta has agreed to buy 6 gigawatts' worth of AMD's artificial intelligence chips, the companies said on Tuesday.The social network giant, which just doubled down on its partnership with Nvidia, said it was entering a multi-year agreement with AMD to support its AI infrastructure buildout.AMD's stock was up nearly 12% premarket following the announcement. "We're excited to form a long-term partnership with AMD to deploy efficient inference compute and deliver personal superintelligence," Meta CEO Mark Zuckerberg said in a statement.It's the latest mega-chip deal struck by AMD, with the company agreeing to a multi-year deal to provide its AI chips to OpenAI in October.This story is developing. Come back for updates.Read the original article on Business Insider
