Meta has reportedly signed the Google deal whose news wiped $250 billion from Nvidia’s market value in less than a day

Facebook parent company Meta is reportedly expanding its massive AI spending by striking a chip partnership with Google. Citing a report from The Information, news agency Reuters said that the Mark Zuckerberg-led company has signed a multi-billion dollar deal to rent Google’s specialised artificial intelligence (AI) chips to build its next generation of AI models. If true, this multi-year agreement comes days after the social media company announced a tie-up with AMD.

Meta’s deals with other chipmakers

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