Exclusive-Meta to deploy in-house custom chips this year to power AI drive - memo

Children playground miniatures are seen in front of displayed Meta logo in this illustration taken April 4, 2023. REUTERS/Dado Ruvic/Illustration

(Reuters) - Facebook owner Meta Platforms plans to deploy into its data centers this year a new version of a custom chip aimed at supporting its artificial intelligence (AI) push, according to an internal company document seen by Reuters on Thursday.

The chip, a second generation of an in-house silicon line Meta announced last year, could help to reduce Meta's dependence on the Nvidia chips that dominate the market and control the spiraling costs associated with running AI workloads as it races to launch AI products.