Meta Platforms Buys $100B in AMD AI Chips With 10% Equity Option

Meta Platforms signed a $100B agreement with Advanced Micro Devices to purchase AI chips while securing an option for a 10 percent stake.Mark Zuckerberg intends to use the MI450 GPUs to power data centers and advance personal superintelligence following similar deals with Nvidia.Lisa Su confirmed that the performance-based warrants for 160 million shares will vest as specific shipping milestones are successfully met.The strategic partnership aims to diversify the supply chain for Meta as it competes against rivals like Google and OpenAI in the AI sector.