Meta negotiates acquisition of AI chips from Google
According to Bloomberg, Meta is in talks for a multibillion-dollar deal to purchase artificial intelligence chips from Google rather than Nvidia, the market’s main supplier. This development matters due to the intense competition in the AI industry.
Source Bloomberg
Nvidia’s shares dropped nearly 6%, causing the company’s market capitalization to fall by more than $250 billion in a single day. This reflects increasing rivalry in the AI chip sector and suggests that Nvidia’s dominance may no longer be unchallenged.
If the deal goes through, it could signal significant shifts in the AI chip market and mark the start of a new phase in the technological battle among leading companies.
