Meta has agreed to spend billions of dollars on millions of Nvidia’s chips in a multiyear deal, as the world’s biggest chips group tries to maintain its dominance of the market for AI data centre hardware. The social media giant’s move to renew and expand its relationship with Nvidia comes as the chip group faces increased competition from rivals such as AMD and its own Big Tech customers, including Meta, who are developing in-house hardware. Ben Bajarin, chief executive and principal analyst at tech consultancy Creative Strategies estimated the deal, announced on Tuesday, would be worth billions of dollars.

Full report : Meta commits to buying millions of Nvidia Blackwell and Rubin GPUs in a multiyear deal; a source says Meta’s in-house AI chip strategy had technical challenges.