Meta to start manufacturing in-house AI chips in September, investing upto $145 billion in AI infrastructure this year amid EU regulatory scrutiny
6% up opening 🔥
Stock valuation looking attractive for me YOY basis..
Not a buy and sell recommendation. Educational purpose only.
Massive investment in artificial intelligence infrastructure, specifically highlighting a $13 billion data center project in Canada. By releasing Muse Spark 1.1, the company aims to bolster its internal technical strength and decrease its dependency on third-party providers. These strategic moves are designed to help Meta compete more effectively against industry rivals like Google and OpenAI.
Meta to start manufacturing in-house AI chips in September, investing upto $145 billion in AI infrastructure this year amid EU regulatory scrutiny
6% up opening 🔥
Stock valuation looking attractive for me YOY basis..
Not a buy and sell recommendation. Educational purpose only.