Meta is reportedly planning to begin production of its custom AI chip, codenamed 'Iris,' in September. The company aims to double its computing capacity to 14 gigawatts by next year, with 7 gigawatts planned for deployment this year. To support this expansion, Meta has secured long-term supply agreements for memory chips with Samsung Electronics, flash storage with SanDisk, and fiber optic equipment with Sumitomo Electric. AI
IMPACT Meta's move to in-house AI chip production could reduce reliance on external suppliers and potentially accelerate its AI development and deployment.
RANK_REASON The article details a significant infrastructure investment and product development by a major tech company (Meta) in the form of custom AI chips. [lever_c_demoted from significant: ic=1 ai=0.7]
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