TLDR Tech / AI
Meta and AMD Agree to AI Chips Deal Worth More Than $100 Billion
Meta has agreed to buy 6 gigawatts' worth of AI computing power from AMD in a deal valued at more than $100 billion. AMD has agreed to give Meta warrants to buy up to 160 million AMD shares, roughly 10% of the company, for $0.01 apiece, as long as certain milestones are met. Meta said last week that it would buy several million of Nvidia's GPUs as well, a deal expected to cost tens of billions of dollars. The company plans to deploy tens of gigawatts of data center computing power this decade, and hundreds of gigawatts or more over time.
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