TNW | Meta
AMD to invest $1bn in Meta as its Helios racks start running there
AMD’s first Helios rack systems are installed and being tested at Meta, the chipmaker said. With Nvidia’s $3bn, the two chipmakers are putting $4bn into Meta’s AI fundraising.
Via TNW | Meta
·Excerpt
AMD will invest $1bn in Meta’s equity offering, the chipmaker said on Tuesday, 27 October. It made the pledge in a release on its partnership with Meta. AMD also said its first Helios rack systems are now running at Meta.
The money comes on top of Nvidia’s pledge to invest $3bn in Meta. That brings the two chipmakers to $4bn in total, CNBC reported. Both companies sell Meta the chips that run its AI services.
“With Helios now running at…
Courtesy
This story was originally published by TNW | Meta. All rights belong to the original publisher.
Read the original on thenextweb.com ↗