Meta Strikes $100B AI Chip Deal with AMD, Plans Stablecoin Comeback
Meta agreed to a multi-year $100B AI chip supply deal with AMD that could deploy up to six gigawatts of data-center GPUs, including early MI450 units, intensifying competition with Nvidia. It also plans to relaunch a dollar-pegged stablecoin this year and holds a $1.8B position in Bill Ackman’s Pershing Square.
1. AI Partnership with AMD
Meta has inked a multi-year $100 billion agreement with AMD to supply as many as six gigawatts of data-center GPUs, including early shipments of the MI450 model, to bolster its AI infrastructure and challenge Nvidia’s market dominance.
2. Stablecoin Comeback Plans
The company is preparing to relaunch a dollar-pegged stablecoin this year, aiming to integrate digital payments into its platforms and capitalize on its billions of users after shelving the Diem project in 2019.
3. Pershing Square Investment
Bill Ackman’s Pershing Square holds a $1.8 billion Meta stake as part of a nearly 40% allocation to three AI-focused names, signaling strong investor conviction in Meta’s AI-driven growth prospects despite elevated valuations.