Meta to put AI chip into production in September as it looks to double computing capacity, memo shows

Meta is set to ramp up production of its Iris AI chip this September, aiming to double its computing capacity. This in-house chip is designed to power the infrastructure behind Facebook and Instagram, part of the company's ambitious MTIA program. With this move, Meta is not just looking to enhance its computational efficiency but also to gain a competitive edge in the race to develop more efficient AI technologies. This strategic shift underscores Meta's commitment to leveraging cutting-edge technology to maintain its dominance in the social media and tech space.