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Meta and AMD Race to Meet Demand for AI With Infrastructure Push
- Meta plans to spend up to $40 billion in 2024 to expand its AI infrastructure.
- AMD reported record-breaking Q3 revenue of $6.8 billion, driven by surging demand for AI-focused products.
- Meta's AI features have increased engagement across platforms by 6% to 8%.
- AMD anticipates Q4 revenue of approximately $7.5 billion, with a focus on high-performance computing and AI-optimized chips.
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