00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Meta Platforms said Tuesday it signed a multi-year chip agreement with advanced micro devices to
00:07deploy up to 6 gigawatts of AMD graphics processing units for AI data centers, according to CNBC.
00:14The deal includes AI-optimized central processing units, with early shipments of MI,
00:19450 GPUs, and AMD's Helios rack-scale servers set to begin later this year.
00:24Last month, Meta committed to up to $135 billion in capital expenditures this year
00:30and outlined plans for 30 data centers, including 26 in the U.S.
00:35Analysts estimate the AMD agreement is worth tens of billions of dollars over at least four years.
00:41AMD reported fourth-quarter sales growth of 34% to $10.27 billion,
00:47while NVIDIA will release its quarterly reports on Wednesday.
00:50For all things money, visit Benzinga.com.
Comments