Ⓜ️ Meta to produce its own AI chip to reduce reliance on Nvidia and AMD

Ⓜ️ Meta to produce its own AI chip to reduce reliance on Nvidia and AMD Meta plans to begin producing its custom "Iris" AI chip in September while doubling total computing capacity to 14 GW next year. The chip could reduce Meta’s reliance on Nvidia and AMD and give it more control over the AI systems behind Facebook and Instagram. The move comes as Meta looks to reduce AI costs, with spending reaching up to $145B this year. @aipost 🏴