Yahoo Finance·2026-02-26 23:28Group 1 - Meta Platforms has signed a multi-billion dollar deal with Google to rent AI chips for developing new AI models, reflecting the increasing investment in AI infrastructure by companies [1] - Advanced Micro Devices announced it would sell up to $60 billion in AI chips to Meta, and Meta has also signed a deal with Nvidia for current and future AI chips [2] - Google is working to make its Tensor Processing Units (TPUs) a competitive alternative to Nvidia's GPUs, with TPU sales becoming a significant growth driver for Google's cloud revenue [3] Group 2 - Meta is reportedly in discussions with Google to purchase TPUs for its data centers, with potential agreements expected as early as next year [3] - Google has entered into an agreement with a large investment firm to fund a joint venture that will lease TPUs to other customers [4]