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Meta Platforms has reportedly signed a multi-billion-dollar, multi-year agreement with Google to rent artificial intelligence chips to power the development of new AI models, according to The Information.

While financial terms were not disclosed, both companies declined to comment on the report. The move comes as global demand for AI infrastructure accelerates, with technology giants investing heavily in high-performance hardware to scale next-generation models.

Earlier this week, Advanced Micro Devices (AMD) announced plans to sell up to $60 billion worth of AI chips to Meta. In addition, Meta has signed agreements with Nvidia to secure current and future AI chips, further strengthening its compute capabilities.

Reuters previously reported that Google is positioning its Tensor Processing Units (TPUs) as an alternative to Nvidia’s dominant GPUs. TPU sales are emerging as a key growth driver for Google Cloud revenue, as the company seeks to showcase returns on its AI investments.

The Information also noted that Meta is in discussions to potentially purchase TPUs for its data centers as early as next year, though the status of those talks remains unclear. Separately, Google has reportedly partnered with a large investment firm to fund a joint venture that will lease TPUs to external customers.

Overall, the developments highlight how Meta continues to expand its AI infrastructure strategy amid intensifying competition in the global AI chip market.

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