Meta is buying chip startup Rivos Inc. as part of its growing ambition in chip development and AI infrastructure. This acquisition may help the company compete with Nvidia, which is also expanding its presence in AI technology. The deal is a significant boost for Meta’s in-house chip development efforts, which have been bolstered by billions of dollars spent on AI-related investments this year.
Source: https://www.marketwatch.com/story/does-meta-want-to-compete-with-nvidia-heres-a-sign-of-its-growing-ambition-in-chips-2ecdaf8b