AMD secures Meta as next big AI chip customer

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. COMMENTARY: GADJO SEVILLA, ANALYST, EMARKETER, NEW YORK "The structure ‌of the ...