AMD to invest US$1 billion in Meta's stock sale as Helios racks enter testing

T2Covered by 1 source · first reported by DigiTimes (headlines) at 28 Oct, 02:58 UTC

AMD is backing one of its largest AI customers with capital and chips. Alongside an update on its hardware work with Meta, the chipmaker said on October 27 that it will invest US$1 billion in Meta's equity offering, joining Nvidia in buying into the social media company's fundraising for AI…