The owner of Facebook has agreed to buy $60bn (£44.5bn) of artificial intelligence chips from the US semiconductor company Advanced Micro Devices – despite fears about the vast sums committed to AI infrastructure projects.
It is one more massive deal in a year in which US tech companies are expected to spend $660bn on AI assets, and may represent part of a broader pivot in Meta’s AI strategy, said Alvin Nguyen, an analyst at Forrester.
