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Meta in Talks to Acquire South Korean Chip Firm

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21 hours ago

Summary

Meta reportedly in talks to acquire FuriosaAI, a South Korean chip startup that develops AI accelerator chips. The acquisition would boost Meta's AI hardware infrastructure and reduce its reliance on Nvidia. FuriosaAI has raised $61.94 million from investors, including Naver, and has previously engaged with unnamed potential customers in the US, Japan, and India.

Key Points

Meta aims to acquire FuriosaAI to bolster its AI hardware infrastructure
The acquisition would reduce Meta's reliance on dominant chipmaker Nvidia
FuriosaAI develops AI accelerator chips that speed up the running and serving of AI models

Why It Matters

The acquisition would enable Meta to improve its AI capabilities and reduce its dependence on external suppliers, a key strategy for the company as it looks to invest heavily in AI this year.

Author

Kyle Wiggers

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