Meta Platforms, Inc. (NASDAQ:META) is one of the 10 Unrivaled Stocks of the Next 5 Years. On April 14, Reuters reported that Meta Platforms, Inc. (NASDAQ:META) has expanded its partnership with Broadcom Inc. (NASDAQ:AVGO) to develop several generations of custom AI processors. The deal will run through 2029 as the company works to build out the computing capacity required to support AI features across its apps.
This deal includes an initial commitment of more than 1 gigawatt of computing capacity. As part of the agreement, Broadcom Inc. (NASDAQ:AVGO) CEO Hock Tan will step down from Meta Platforms, Inc.’s (NASDAQ:META) board and instead take on an advisory role focused on the company’s custom chip strategy.
Meta Platforms, Inc. (NASDAQ:META) CEO Mark Zuckerberg said the partnership will help create “the massive computing foundation we need to deliver personal superintelligence to billions of people.” In March, the company shared a roadmap of four new chips. The initial capacity commitment with Broadcom Inc. (NASDAQ:AVGO) is “the first phase of a sustained, multi-gigawatt rollout.”
The first chip has already been introduced under the Meta Training and Inference Accelerator (MTIA) program, called the MTIA 300. This chip supports the company’s ranking and recommendation systems. Meta Platforms, Inc. (NASDAQ:META) plans to release three more chips by 2027, with later generations designed for inference, which allows AI models to respond to user queries.
Meta Platforms, Inc. (NASDAQ:META) is an American multinational technology company that owns and operates Facebook, Instagram, Threads, Messenger, and WhatsApp.
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