Source: Reuters (via feed)
Nvidia has secured a multiyear agreement to supply Meta Platforms with millions of its artificial intelligence chips. The deal includes both current and upcoming chips, covering central processing units. These CPUs compete with those from Intel and Advanced Micro Devices. Nvidia did not disclose the financial terms of the contract. Meta Platforms will use the chips to support its AI applications. This deal comes amid growing demand for AI technology in the tech industry. Nvidia is a leading supplier of AI hardware components. Meta’s acquisition aims to bolster its computing infrastructure to handle increased AI workloads. Industry experts see this as part of a broader push by major tech firms to expand their AI capabilities. The partnership highlights the competitive dynamics between chipmakers serving large digital platforms. Meanwhile, Intel and AMD continue to compete in the CPU market for AI and other applications.
This deal reflects rising business investment in AI hardware, impacting chipmakers and large technology firms’ supply chains.
