Advanced Micro Devices (AMD) Stock: Meta Signs $100 Billion AI Chip Deal

TLDR Meta and AMD agreed to a deal worth over $100 billion for 6 gigawatts of AI computing power over five years. AMD will supply MI450 GPUs plus custom CPUs built specifically for Meta’s workloads. Meta could acquire up to 10% of AMD stock through warrants priced at $0.01 per share. The first gigawatt of [...]

The post Advanced Micro Devices (AMD) Stock: Meta Signs $100 Billion AI Chip Deal appeared first on Blockonomi.