Meta Platforms Inc. is acquiring chips startup Rivos Inc., according to a person familiar with the deal, part of an effort to bolster its internal semiconductor development and control more of its infrastructure for artificial intelligence work. Rivos is developing its own graphics processing unit, known as a GPU, which is the chip that powers most AI-related work. Meta already has a team internally building chips for AI development, known as the Meta Training and Inference Accelerator, but the company still spends billions each year on GPUs from external partners, including market-leading Nvidia Corp. Terms of the deal weren’t immediately known, though Rivos was seeking new funding at a $2 billion valuation in August, according to The Information. Meta has been developing its own custom AI inference chips as it seeks to bring down costs and reduce its reliance on Nvidia products as it pursues the goal of “superintelligence” — or AI models that can complete tasks as well as or better than humans.

Full report : Meta is acquiring AI chip startup Rivos, as it seeks to reduce reliance on Nvidia; Rivos was reportedly seeking new funding at a $2 billion valuation in August.