Meta and AMD Race to Meet Demand for AI With Infrastructure Push

Tech giants are pouring unprecedented resources into artificial intelligence (AI) infrastructure as Meta plans up to $40 billion in 2024 spending and AMD rides the wave to record $6.8 billion in revenue. The sector-wide investment surge comes as companies battle to meet soaring demand, with Meta’s AI features driving engagement up 6% to 8% across platforms.Meta’s AI Ambitions Come With a Hefty Price TagMeta’s strong Q3 performance, with record revenues of $40.6 billion, sets the stage for ambitious AI expan ...