Meta has signed an agreement with AMD that allows it to acquire up to a 10% stake in the company by purchasing customized chips for artificial intelligence.
Cristina Petrache
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Meta, the company controlled by Mark Zuckerberg, has concluded a billion-dollar agreement with chipmaker AMD, which could allow it to obtain a stake of up to 10% in the company. The agreement led to a 14% increase in AMD shares in pre-market trading, with the company having a market capitalization of approximately 320 billion dollars. Meta will purchase customized chips with a total capacity of 6 gigawatts, in the context of increasing investments in artificial intelligence. The agreement includes a performance-based conditional right, allowing Meta to buy up to 160 million AMD shares at a symbolic price. The first deliveries will take place in the second half of the year, and the right expires in February 2031. This transaction structure reflects an industry trend, similar to a recent arrangement between AMD and OpenAI. Meta intends to double its spending on AI infrastructure, reaching 135 billion dollars.
Sources
Zuckerberg pariază pe AMD: Meta semnează un acord de zeci de miliarde de dolari pentru cipuri AI şi poate ajunge la o participaţie de 10% din AMD. Acţiunile producătorului urcă cu 14% în pre-market
Zuckerberg pariază pe AMD: Meta semnează un acord de zeci de miliarde de dolari pentru cipuri AI şi poate ajunge la o participaţie de 10% din AMD. Acţiunile producătorului urcă cu 14% în pre-market
Investițiile uriașe in AI continuă: Meta cumpără procesoare de 60 de miliarde de dolari de la AMD
Facebook owner Meta agrees £74bn deal with chipmaker AMD
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