AMD secures Meta as next big AI chip customer


A 3D printed Facebook's new rebrand logo Meta is seen in front of a displayed AMD logo in this illustration taken November 9, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

Feb 24 (Reuters) - Advanced Micro Devices said on Tuesday it has agreed ⁠to sell up to $60 billion worth of artificial intelligence chips to Meta Platforms over five years in a deal that allows the Facebook owner to purchase as much as ⁠10% of the chip firm.

The company had signed a similar pact with OpenAI last year, which was hailed as a vote of confidence in its chips ‌and software, significantly boosting its stock price.

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