Global tech leader Meta Platforms has agreed to buy 6 gigawatts’ worth of artificial intelligence computing power from Advanced Micro Devices (AMD) in a deal worth more than $100 billion that could result in Meta owning as much as 10% of AMD’s stock, said media reports.
Meta Platforms has announced plans to invest $600 billion across the US over the coming years to expand its artificial intelligence (AI) and data center infrastructure — one of the largest capital commitments ever made by a US technology company.
