Meta and Amazon Agree on Multi-Billion Dollar Deal to Supply Graviton Chips for AI Development

Gate News message, April 24 — Meta Platforms and Amazon Web Services (AWS) have reached a multi-billion dollar agreement to support Meta’s artificial intelligence initiatives over the coming years, according to the Wall Street Journal. Under the deal, Meta will use tens of millions of AWS Graviton chip cores to power its AI agents and other AI projects.

The agreement spans three to five years, with the majority of the Graviton cores to be deployed in the United States, according to Amazon Vice President Basarah. The deal represents a significant commitment to AI infrastructure expansion for Meta.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Tesla's California EV Market Share Hits 56% in Q1 2026

California EV Market Share Surge Masks Delivery Decline Tesla's California electric vehicle market share soared to 56% in the first quarter of 2026, according to the California New Car Dealers Association's Q1 report published on April 22. This represented an 11.8% increase compared to the same qu

CryptoFrontier17m ago

TradeStation Integrates Tradetron To Enable Automated Options Trading for Retail Traders

Gate News message, April 24 — TradeStation has integrated Tradetron, an automation platform, into its execution infrastructure through an API connection, enabling traders to build, test, and automate options strategies directly within the brokerage environment. The integration allows traders to con

GateNews37m ago

BlackRock Transfers 12,080 ETH and 113 BTC to Major Institutional Custodian

Gate News message, April 24 — BlackRock transferred 12,080 ETH worth approximately $27.94 million through its Ethereum spot ETF (ETHA) and 113.342 BTC worth $8.81 million through its Bitcoin ETF (IBIT) to a major institutional custodian address approximately two hours ago (April 24), according to

GateNews42m ago

Morgan Stanley Launches Stablecoin Reserves Fund to Meet GENIUS Act Requirements

Gate News message, April 24 — Morgan Stanley Investment Management has launched the Stablecoin Reserves Portfolio (MSNXX), a government money market fund designed for stablecoin issuers to hold reserve assets in compliance with GENIUS Act requirements. The fund, housed within the Morgan Stanley

GateNews54m ago

Bitcoin Holdings by Long-Term Investors Hit Record High in Q1 2026, Up 69% Despite 22% Price Decline

Gate News message, April 24 — According to a report by ARK Invest, Bitcoin holdings by long-term investors, known as "conviction buyers," reached a record high in the first quarter of 2026. BTC holdings by this investor group increased from 2.13 million to 3.6 million, representing a 69% increase in

GateNews1h ago

OSL Group Partners with Circle to Expand USDC Access Across Trading and Payment Platforms

Gate News message, April 24 — OSL Group (HKEX: 863), a global stablecoin payment and trading platform, announced a partnership with an affiliate of Circle Internet Group, Inc. (NYSE: CRCL) on April 22 to expand USDC access across its payment and trading platforms. Through OSL Global, users can conv

GateNews1h ago
Comment
0/400
No comments