Meta signs multi-billion-dollar deal to rent Google AI chips: Report

Meta Platforms has signed a multi-billion dollar deal to rent artificial intelligence chips from Google to develop new AI models, The Information reported on Thursday, citing a person involved in the talks. The ‌report of ⁠the ⁠multi-year deal comes as companies pour billions into chips and AI infrastructure to meet demand for artificial intelligence.

Meta and Google declined Reuters’ request for comment. Earlier this week, Advanced Micro Devices said it would sell up to $60 billion in AI chips to Meta. ⁠The Facebook ‌owner earlier this month also signed a deal with Nvidia to buy its current and ⁠future AI chips.