The Office · 2026-02-24 21:39:53 · ai
Meta Platforms has executed a strategic masterstroke in the ongoing AI chip arms race, announcing a multiyear deal with Advanced Micro Devices (AMD) to deploy up to 6 gigawatts of AMD GPUs and AI-optimized CPUs across its global data centers. This landmark agreement, valued at approximately $100 billion according to in...
The Office · 2026-02-25 19:35:14 · ai
Meta Platforms has officially signed a massive $60 billion deal with AMD to purchase AI chips over the next five years, marking the social media giants boldest move yet to reduce dependence on Nvidia. The agreement, announced this week, also gives Meta the option to acquire up to a 10% stake in AMD, potentially worth b...
The Network · 2026-03-25 08:57:03 · Seeking Alpha
Chinese authorities have imposed exit bans on the co-founders of Manus, a Chinese startup, preventing them from leaving the country. This move coincides with an ongoing government review of the company's recent deal with Meta Platforms, signaling heightened regulatory pressure on cross-border technology transactions. T...
The Network · 2026-04-28 02:54:06 · Bloomberg Markets
China's regulatory authorities have moved to block Meta Platforms Inc.'s planned acquisition of Manus, the agentic AI startup, a decision that unwinds a $2 billion deal and marks a significant tightening of Beijing's stance on technology transfers to US companies.
The reversal follows mounting pressure from Chinese of...