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Meta agrees $60bn contend with chipmaker AMD despite AI bubble fears

Facebook proprietor’s investment described by semiconductor company as ‘noteworthy wager’ on synthetic intelligence

The proprietor of Facebook has agreed to buy $60bn (£44.5bn) of synthetic intelligence chips from the US semiconductor company Superior Micro Devices – despite fears about the astronomical sums committed to AI infrastructure initiatives.

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It's another extensive deal in a yr for the duration of which US tech corporations are expected to explain $660bn on AI resources, and could maybe well maybe calm characterize share of a broader pivot in Meta’s AI strategy, talked about Alvin Nguyen, an analyst at Forrester.

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