Nvidia to sell Meta millions of chips in multiyear deal

Core Insights - Nvidia has signed a multiyear deal to sell millions of AI chips to Meta Platforms, which includes current and future products [1] - The deal is estimated to be worth $50 billion and includes Nvidia's Blackwell and upcoming Rubin AI chips, as well as Grace and Vera processors [1] - Nvidia aims to expand its market presence in AI and data center processing, competing with Intel and AMD [1] Company Developments - Nvidia's Grace processors reportedly use half the power for tasks like running databases, with further improvements expected from the Vera processors [1] - Meta is concurrently developing its own AI chips and is in discussions with Google regarding the use of Tensor Processing Units (TPUs) [1] - The deal highlights Nvidia's strong business relationship with Meta, which is believed to account for a significant portion of Nvidia's revenue [1]