Meta said on Tuesday that it would purchase billions of dollars worth of semiconductors from Advanced Micro Devices to develop artificial intelligence technologies and power new data centers.

Meta (META) and AMD (AMD) are entering into a multiyear agreement that will see Meta purchase upward of 6 gigawatts' worth of AI chips as part of its massive AI build-out.

"This multi-year, multi-generation collaboration across Instinct GPUs, EPYC CPUs and rack-scale AI systems aligns our roadmaps to deliver high-performance, energy-efficient infrastructure optimized fo...