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AI News from ET - Meta to put AI chip into production in September as it looks to double computing capacity, memo shows

Vishwadeep Khatri
in AI News & Two Lenses

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Meta Platforms plans to manufacture its own artificial intelligence chip starting September. This initiative aims to significantly increase the company's overall computing power by next year. The custom-designed chip, code-named Iris, is part of a multi-generation project. Meta is working with Broadcom and Taiwan Semiconductor Manufacturing Co for design and production. This move seeks to reduce costs and gain independence from external chip suppliers.

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