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Meta to produce AI chips in September, memo shows
Reuters Videos40d agoneutralVIDEO
Meta to produce AI chips in September, memo shows

<body><p>STORY: :: A memo seen by Reuters shows that Meta plans to produce AI chips this September&nbsp;</p><p>:: The move will likely help Meta gain more independence from chip suppliers such as Nvidia</p><p>:: Katie Paul, Tech Correspondent</p><p>:: Meta / Archive</p><p>"In the world of AI, those who control their infrastructure and their compute costs really control their destiny. Meta has been at this a while. They want to have more control over their supply chain. Doing a chip helps them to get that cost of running compute down. If they buy a lot of chips from Nvidia and AMD, those are extremely expensive. It means that other companies are in the driver's seat, both in terms of cost and some control over the supply. And having some kind of chip that can help maximize efficiency of running compute, or running processes, helps them, puts them in the driver's seat more and it helps them control their costs. They're also trying to build out these brand-new business models to effectively compete with OpenAI and Anthropic. So, selling the AI models to developers to use, and that means rolling out an API, which they just did this morning. This is brand new for them. They're moving this direction for the first time after kind of embracing the open source ethos for a number of years. And so that means that they need to, try to compete on price with those other, players in the market and also keep their costs low enough that they can, you know, make this business model make sense. And so having a chip that can help them to run these processes in a way that is as cost-efficient as possible is a huge potential benefit for them."</p><p>The tech firm's data center chip, code-named "Iris," is part of a four-generation project for Meta Training and Inference Accelerators (MTIA) that it will design in-house. The plan is to use custom-built silicon to improve the AI that powers its Facebook and Instagram social media platforms.</p><p>Testing the chip took only six weeks and found no major issues, the memo showed. That relatively quick progress signals positive momentum for an in-house effort that has floundered since its launch more than half a decade ago.</p><p>Meta tailored the chip for its own needs and is working with Broadcom to help design it and Taiwan Semiconductor Manufacturing Co to manufacture it. The approach is likely to help the firm lower its massive computing costs and gain more independence from chip suppliers such as Nvidia and Advanced Micro Devices.</p></body>

Nvidia stock flashes valuation signal for first time in 7 years
TheStreet40d agoneutral
Nvidia stock flashes valuation signal for first time in 7 years

Nvidia (NVDA) investors had been bracing for a tougher AI trade, but perhaps not this kind of reset. Over the past three years or so, Wall Street has treated Nvidia as the cleanest way to own the AI buildout. For perspective, Nvidia’s current market cap is at an eye-popping $4.98 trillion, up from ...

SK Hynix's US listing, Delta earnings, housing bill: What to Watch
Yahoo Finance Video40d agoneutralVIDEO
SK Hynix's US listing, Delta earnings, housing bill: What to Watch

Asking for a Trend Host Josh Lipton previews several of the biggest stories to come tomorrow, Friday, July 10, including SK Hynix (000660.KS) making its debut on the Nasdaq, Delta Air Lines (DAL) earnings, monthly sales results from Taiwan Semiconductor Manufacturing Co. (TSM), and the pending approval of Congress' housing affordability bill.

Veteran Energy Analyst: “Crude Oil Is Not the Problem.” Here’s What’s Keeping Gas Prices High.
24/7 Wall St.40d agoneutral
Veteran Energy Analyst: “Crude Oil Is Not the Problem.” Here’s What’s Keeping Gas Prices High.

Veteran energy analyst Paul Sankey, president of Sankey Research, said in a July 9, 2026, CNBC interview that he believes crude oil is no longer the biggest constraint on the energy system. Instead, the real bottleneck sits in U.S. refining capacity, where limited supply continues to keep gasoline prices elevated even as crude prices remain well below ... Veteran Energy Analyst: “Crude Oil Is Not the Problem.” Here’s What’s Keeping Gas Prices High.

SandboxAQ CEO: “It’s Time That America Really Has a Sovereign Wealth Fund.” Why America Should Copy Norway’s $2 Trillion Fund
24/7 Wall St.40d agoneutral
SandboxAQ CEO: “It’s Time That America Really Has a Sovereign Wealth Fund.” Why America Should Copy Norway’s $2 Trillion Fund

Artificial intelligence may be the biggest technology race in the world, but SandboxAQ CEO Jack Hidary believes the United States is still investing with the wrong playbook. Speaking on CNBC on Thursday, July 9, Hidary argued that America should treat strategic technologies the way countries like Norway manage national wealth by making long-term investments in ... SandboxAQ CEO: “It’s Time That America Really Has a Sovereign Wealth Fund.” Why America Should Copy Norway’s $2 Trillion Fund