Meta unveils second generation AI chip, Barron’s reports

Meta Platforms (META) on Wednesday unveiled a new chip for artificial intelligence workloads, in particular to power the company’s ranking and recommendations ad models, Eric J. Savitz of Barron’s reports. The chip is the second generation of a chip called MTIA, an acronym for Meta Training and Inference Accelerator, the author notes. Meta’s announcement follows one day after new processor announcements from both Alphabet (GOOGL) and Intel (INTC), as more companies step up their efforts to meet the growing hunger for AI computing resources. While Nvidia (NVDA) remains the dominant player in the market, cloud-computing vendors like Amazon (AMZN), Google, and Meta are increasingly designing some of their own chips to supplement Nvidia’s graphics processing units, or GPUs – and, in some cases, to provide more efficient alternatives, the publication adds.