Meta’s Pricey Bet on AI Comes With New Custom Chips, Coder Tools
- Capital expenditure hit a record of $31.4 billion last year
- Investing in AI is in line with improving efficiency
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In Meta Platforms Inc.’s year of cost cutting and layoffs, there’s one area that’s seeing record spending: an update of the social media giant’s infrastructure to keep pace in the artificial intelligence arms race.
On Thursday, the Facebook owner unveiled a slew of new technologies, including a new chip developed in-house to help train AI faster, and a tool that helps coders get suggestions for how to build their products. The company is also revamping its data centers to make it easier to deploy AI technology.