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00:02Meta Platforms plans to deploy its latest in-house AI chip in data centers during the first half of
00:062027 as it looks to cut costs and energy use, according to Bloomberg. Meta is testing the
00:11third generation of its chip line, MTIA450, codenamed Arky. Its next processor, MTIA500,
00:19codenamed Astrid, is expected to complete design work in about a month and deploy by the end of
00:232027. Meta is working with Broadcom on chip designs and Taiwan Semiconductor Manufacturing
00:29Company on production. The effort could reduce its reliance on NVIDIA processors.
00:33Separately, Meta launched Meta1 on Tuesday, offering paid access to expanded AI features
00:38across Instagram, Facebook, WhatsApp, and Meta AI, while keeping the core experience free.
00:43Meta shares were down 0.05% to $665.23 on Tuesday, according to Benzinga Prodata.
00:51For all things money, visit Benzinga.com.
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