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home / articles / TECH - Meta Rolls Out Own AI Chip to Power Facebook and Instagram Targets Cost Cuts and Nvidia Independence | Benzinga


TECH - Meta Rolls Out Own AI Chip to Power Facebook and Instagram Targets Cost Cuts and Nvidia Independence | Benzinga

Meta Platforms Inc (NASDAQ:META) is advancing its artificial intelligence (AI) capabilities by integrating a newly developed custom chip into its data centers this year, an internal document revealed. 

This move marks the second generation of Meta’s silicon technology, initially announced last year, aiming to reduce its reliance on Nvidia Corp’s (NASDAQ:NVDA) dominant market presence in AI chipsets. 

Previous reports indicated the Big Techs, including Meta, Google parent Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL), Microsoft Corp (NASDAQ:MSFT), Amazon.Com Inc (NASDAQ:AMZN), migrating towards customized chips to trim costs and resolve compatibility and supply crises.

Also Read: Meta Platforms Is Wall Street’s Top Internet Pick, Analysts Laud AI Investments and Advertising Strength

With Meta’s extensive push into generative AI products across its platforms, such ...

Full story available on Benzinga.com

Stock Information

Company Name: Bio-Techne Corp
Stock Symbol: TECH
Market: NASDAQ
Website: bio-techne.com

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