Meta and Broadcom Partner on 1GW of 2nm AI Accelerators
Meta expanded its partnership with Broadcom into a multi-year agreement through 2029 to deploy over 1 gigawatt of custom AI silicon, including the industry’s first 2-nanometer accelerator for its MTIA 450 and MTIA 500 chips. Snap’s decision to cut 16% of its workforce highlights mounting AI-driven cost optimizations among social media peers.
1. Meta Extends Broadcom Partnership
Meta Platforms has signed a multi-year agreement with Broadcom running through 2029, committing to an initial deployment of over 1 gigawatt of custom AI silicon. The collaboration covers both AI accelerators and networking infrastructure, leveraging Broadcom’s industry-first 2-nanometer AI accelerator to underpin Meta’s next-generation MTIA 450 and MTIA 500 chips, reducing reliance on external suppliers.
2. Industry AI Job Cuts Trend
Snap Inc. announced a reduction of approximately 1,000 positions—about 16% of its workforce—to cut $500 million in annualized costs by late 2026, citing AI-driven efficiency gains. This move exemplifies a broader trend among social media peers to leverage AI for repetitive tasks and margin improvement, potentially signaling similar cost-optimization measures across the industry.