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Meta plans to expand in-house AI chip usage to cut costs

Meta Platforms is planning to increase the usage of its in-house-designed AI chips as it looks to reduce the cost of its infrastructure buildout.

META

Meta Platforms Inc. (META, Financials), owner of Facebook, Instagram and WhatsApp, is planning to expand the use of its in-house-designed AI chips as it seeks to lower the cost of its extensive infrastructure buildout.