meta
Data centre company takes on billions in funding and debt to catch up with contracted compute promises.
Meta could own 10% of AMD, depending on how many chips it actually buys and other preconditions.
PyTorch co-creator Soumith Chintala is throwing in the towel in favour of something "small."
A $3 billion Meta deal was limited by capacity admits CEO.
Meta, Google and Microsoft all expect data centre and GPU spend to continue ramping up through 2026, though markets aren't sure about ROI.
AI firms buy compute, infrastructure vendors buy chips, chipmakers invest in infrastructure...
$72 billion in annual infrastructure spend is not enough, suggests Meta.