Summary:
- AMD, a major computer chip manufacturer, has signed a $100 billion deal with Meta (formerly Facebook) to develop specialized AI chips for Meta's data centers and products.
- This partnership will allow Meta to have custom-designed AI chips that can power their artificial intelligence and machine learning technologies, which are crucial for features like facial recognition, language processing, and virtual reality.
- The deal is seen as a significant win for AMD, as it solidifies their position as a leading provider of high-performance computing solutions for the rapidly growing AI and machine learning industry.