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Meta Commits $60 Billion to AMD for AI Chips Despite Market Uncertainty

Meta, the parent company of Facebook, has entered into a $60 billion agreement with semiconductor giant AMD to purchase artificial intelligence chips. This strategic investment is seen as a significant bet on AI technology, made despite concerns about the large financial risks associated with AI infrastructure development. Industry analysts note that this move is part of a broader trend among US tech firms, which are projected to invest $660 billion in AI technologies this year.

The Guardian
The Guardian