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Meta Platforms Does It Again, Signs a Multi-Billion Deal With Google
- On Thursday, Mark Zuckerberg-led Meta Platforms struck a multi-billion-dollar, multi-year deal to lease Alphabet Inc.'s Google's Tensor Processing Units for advanced AI models, Reuters reported.
- Amid companies pouring billions into chips and AI infrastructure, Meta has significantly ramped up its AI spending in the past few weeks, and earlier this month signed a deal with Nvidia to buy AI chips.
- Google has been positioning its Tensor Processing Units as an alternative to Nvidia's market-leading GPUs and signed an agreement with an unidentified large investment firm to lease TPUs via Google Cloud.
- The Information reported Meta is in talks with Google to buy TPUs for data centers as soon as next year, and Meta shares rose 0.51% during Thursday's regular session.
- Earlier this week, Advanced Micro Devices said it would sell up to US$60 billion in AI chips to Meta, while Google Cloud makes Tensor Processing Units available to customers.
25 Articles
25 Articles
Meta Platforms Does It Again, Signs a Multi-Billion Deal With Google
Meta Platforms (NASDAQ:META | META Price Prediction) has been aggressively forging major agreements with leading chipmakers to supercharge its AI infrastructure expansion. Deals with Nvidia (NASDAQ:NVDA) and Advanced Micro Devices (NASDAQ:AMD) have already positioned the company to deploy millions of advanced GPUs for training massive AI models like Llama. This diversification strategy not only provides ... Meta Platforms Does It Again, Signs a M
Meta signs multi-billion-dollar deal to rent Google AI chips – report
Meta Platforms has signed a multi-billion dollar deal to rent artificial intelligence chips from Google to develop new AI models, The Information reported on Thursday, February 26, citing a person involved in the talks. The report of the multi-year deal comes as companies pour billions into chips and AI infrastructure to meet demand for artificial intelligence. Meta and Google declined Reuters’ request for comment. Earlier this week, Advanced Mi…
Meta signs multi-billion-dollar deal to rent Google AI chips
NEW YORK: Meta Platforms has signed a multi-billion-dollar deal to rent artificial intelligence chips from Google to develop new AI models, The Information reported on Thursday, citing a person involved in the talks.
Google Scores Major Win As Meta Reportedly Agrees To Multi-Year AI Chip Rental Deal, Challenging Nvidia's Dominance - Advanced Micro Devices (NASDAQ:AMD), Corning (NYSE:GLW)
Meta Platforms has reportedly signed a multi-billion-dollar deal to lease AI chips from Google, expanding beyond Nvidia and Advanced Micro Devices as it accelerates spending on AI infrastructure and data centers. Importance Rank: 1
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