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Benzinga
Benzinga
Business
Anusuya Lahiri

Meta To Acquire Rivos To Power AI Ambitions: Report

Menlo,Park,,Usa,,May,5,,2023:,Meta,Corporation,Headquarters,Glass

Meta Platforms (NASDAQ:META) is doubling down on artificial intelligence with massive chip investments, potential acquisitions, and record capital spending.

The U.S. Big Tech giant is pushing deeper into AI infrastructure, exploring chip startup deals while committing up to $72 billion in 2025 capital expenditures.

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