Meta, the social media and technology giant, is reportedly in negotiations to acquire FuriosaAI, a South Korean chip firm. This potential acquisition is part of Meta's strategic initiative to enhance its AI hardware infrastructure. The news comes amidst Meta's efforts to strengthen its position in the AI industry, leveraging advanced chip technology to support its AI model operations.
According to a report by Forbes, Meta could announce its intent to purchase FuriosaAI within this month. Founded by former Samsung and AMD employees, FuriosaAI specializes in developing chips designed to accelerate the execution and deployment of AI models. These include models like Meta's Llama 2 and Llama 3, which are notable for their text-generating capabilities.
Citing data from Crunchbase, FuriosaAI has successfully raised 90 billion Korean won (approximately $61.94 million) from investors, including South Korean tech giant Naver. The company has been actively engaging with potential customers across the United States, Japan, and India. This acquisition is seen as a strategic move for Meta to reduce its dependency on the dominant chipmaker Nvidia, complementing its in-house development of efficient AI accelerator chips.
Meta's acquisition strategy aligns with its significant financial commitments towards achieving its AI ambitions. The company recently disclosed plans to allocate up to $65 billion in 2025 towards advancing its AI initiatives. This potential acquisition of FuriosaAI would bolster Meta's ability to innovate and expand its capabilities in the AI hardware sector.
The prospective acquisition of FuriosaAI represents Meta's ongoing commitment to leading the AI revolution, focusing on both hardware and software advancements. With this strategic move, Meta aims to strengthen its competitiveness in AI technology deployment and operational efficiency.
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