Meta, the social media giant, is reportedly in discussions to acquire FuriosaAI, a South Korean chip company. This move aligns with Meta’s strategy to strengthen its artificial intelligence (AI) hardware infrastructure.
FuriosaAI specializes in developing chips that accelerate AI model deployment. These chips optimize the performance of AI models such as Meta’s recent Llama 2 and Llama 3 text-generating models.
According to Forbes, Meta may announce its intention to acquire FuriosaAI this month. The chip startup has garnered $61.94 million in investments from companies like Naver and has established partnerships with potential customers in several countries.
Meta’s potential acquisition of FuriosaAI aims to reduce its dependence on Nvidia, a dominant chipmaker. Additionally, it complements Meta’s efforts to develop its own AI accelerator chips. The company has allocated up to $65 billion this year to advance its AI initiatives.
By acquiring FuriosaAI, Meta seeks to enhance its ability to process and serve AI models more efficiently, supporting its ambitious plans for AI development.
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