Technologies
Meta and AMD’s Multibillion-Dollar Deal Is All About the AI Chips
Meta will take a stake in the chipmaker in exchange for a commitment to buy billions of dollars’ worth of AI chips.
Meta is joining OpenAI as one of the major tech companies to take a stake in chipmaker AMD, as part of an AI hardware buying frenzy. Meta and AMD on Tuesday announced a partnership that will involve CEO Mark Zuckerberg’s tech giant buying billions of dollars’ worth of AMD Instinct GPUs in order to fuel its ambitions to build out AI offerings across Meta platforms, including Instagram, Facebook and WhatsApp.
In a release, Meta described the deal as “multi-year,” and said the AI purchase will provide Meta with up to 6 gigawatts of AMD GPUs, “the silicon computing technology used to support modern AI models.”Â
According to the US Department of Energy, a single gigawatt (1 billion watts) is equivalent to nearly 2,000 large solar panels or 100 million LED bulbs.
In AMD’s version of the announcement, CEO Lisa Su said, “We are proud to expand our strategic partnership with Meta as they push the boundaries of AI at unprecedented scale.” As part of the deal, Meta will take a 10% stake in AMD.
AMD, based in Santa Clara, California, previously signed a deal with ChatGPT-maker OpenAI that it announced last October, which is similar to the Meta deal and also gives its AI rival 10% ownership of AMD.
(Disclosure: Ziff Davis, CNET’s parent company, in 2025 filed a lawsuit against OpenAI, alleging it infringed Ziff Davis copyrights in training and operating its AI systems.)
What does this mean for the rest of us?
AMD’s two megadeals may not have an immediate impact on people who use Meta’s social networking and communications apps, or even on those who buy AMD’s products, including desktop processors and graphics cards.
But it signals that large companies making huge bets on the future of AI are doing what they can to secure the hardware they need as supplies tighten and prices rise for components such as RAM. Some of those constraints aren’t expected to end anytime soon, and shoppers could begin to see prices rise even more than they already have for computers, smartphones, vehicles and other products that heavily rely on computing components like these.
It is also a sign that Meta’s ambitions for AI are not slowing down as it continues to compete with companies including OpenAI, Microsoft and Google to develop AI products and tools.
Also a factor: Meta’s push into wearables
Another reason AMD may want access to AI chips goes beyond its own data centers and online platforms: Meta has increasingly been focused on wearables such as its Oakley Meta AI Glasses and other potential new portable products.Â
In addition to what AMD’s GPUs can offer Meta for AI infrastructure power, AMD may also be part of its wearable future.
 “With AI models requiring unprecedented processing power to process real-time data and information, Meta is focused on securing the supply chain necessary for its wearable devices,” said Michael J. Wolf, founder and CEO of the consulting firm Activate.
Wolf believes that the deals Meta and OpenAI have signed won’t be the last time a major AI-focused company locks down a supply of semiconductors.Â
“As consumer hardware transitions from smartphones to smart glasses, we will absolutely see more of these mega-deals,” Wolf said.
Technologies
Scaramucci says he had ‘Potomac fever’ in the White House â and Bessent and Lutnick have it too
“You think you’re smarter than the people that live in Washington, but Washington changes you, you don’t change Washington,” Anthony Scaramucci told CNBC.
Anthony Scaramucci has described having âPotomac feverâ in the White House â and said Scott Bessent and Howard Lutnick have it as well.
Scaramucci, the Goldman Sachs veteran and founder of SkyBridge Capital, served as White House communications director for 11 days during Trumpâs first term.
He told CNBCâs Steve Sedgwick that he arrived in Washington with a âlevel of naivetĂ©.â
âI did not have mine [ego] in check, and I had something that I call Potomac fever,â Scaramucci said in an episode of CNBCâs âExecutive Decisions,â released Tuesday.
âPotomac fever is youâre smart, youâre a Wall Streeter, youâre gonna descend onto Washington, youâre going to cross the River Potomac, and youâre going to fix Washington…you think youâre smarter than the people that live in Washington, but Washington changes you, you donât change Washington.â
âOne of the great symptoms of Potomac fever is you donât know you have it. Bessent has it. Lutnick has it. Youâre tying your ego to the motorcade, the insider thing. Iâm on the inside with the Secret Service protection. Youâre not, and it is an aphrodisiac. It is a seductive force if youâre not careful,â he said.
Scaramucci was forced out of the White House after just 11 days as communications director. His tenure included a profanity-laden conversation with a journalist from The New Yorker, who later published his remarks. The brevity made him a figure of mockery.
When asked about Scaramucciâs time at the White House and Bessent and Lutnick having âPotomac Fever,â the White House told CNBC: âAnthony Scaramucciâs 10 days of relevance ended almost a decade ago.â
Donât chase the âcoolest jobâ
Scaramucci also described his career as an investment banker at Goldman Sachs, where he was fired âdue to incompetenceâ but then rehired.
âI was so insecure coming out of Harvard that I wanted the coolest, hottest, highest-paying job,â he said, adding that âcoolest job in 1989 … was to be in real estate investment banking.â
âThat was really stupid. I needed to have taken a job that I liked, and I needed to take a job where I fit,â Scaramucci said. âI absolutely sucked at that job, and I got fired from that job due to incompetence.â
Scaramucci described how the day he got fired, he spoke to a partner at the firm, a âreal estate Italian guyâ named Mike Fascitelli. Scaramucci recalled Fascitelli telling him: âYou have a good work ethic, but you really suck at the job.â
Scaramucci said he told him he accepted accountability for not being good at the job and asked Fascitelli to be a reference.
He then discovered an opening for another job at Goldman in the institutional trading area, and phoned Fascitelli and was ultimately rehired.
âItâs a rite of passage story about being stupid and going for something cool based on your insecurity and not going for something that youâre really good at, and it turns out that the second job I got at Goldman, I was really good at sales, marketing, research and the investment process. I was way better at that than investment banking,â he added.
Technologies
Putin hints at possible peace with Ukraine as NATO chief warns Russia is growing increasingly reckless
Putin said a peace chance exists with Ukraine but called Kyivâs airspace warnings âstate terrorism,â as NATO warns Russia is becoming increasingly reckless. The stalled war and diplomatic efforts remain unresolved.
Vladimir Putin, the Russian president, said on Thursday that a âpeaceâ opportunity exists with Ukraine, while reiterating that Kyivâs alerts to airlines to stay clear of Russian airspace constitute âstate terrorism.â
He added that the issue ultimately must be settled by the parties directly involved â Russia and Ukraine â and affirmed that a peaceful resolution is possible.
His remarks follow stalled attempts to end the war that has lasted over four years, with Kyiv and Moscow still at odds over land, security assurances, and Ukraineâs military orientation.
Ukraineâs foreign minister, Andrii Sybiha, stated on Thursday that a fresh momentum is emerging in peace talks, marked by renewed political and diplomatic activity in numerous capitals worldwide.
U.S. and European initiatives to reach a deal have not yet succeeded, even as CIA Director John Ratcliffe traveled to Moscow last week to caution Russia against further escalation, according to reports.
Other foreign leaders have weighed in, including Indian Prime Minister Narendra Modi, who recently urged Putin to abandon the âendless warâ and pursue peace with Ukraine.
A Chinese foreign ministry spokesperson said on Wednesday that âdialogue and negotiation are the only viable solutionâ to the Ukraine crisis, following Ukrainian President Volodymyr Zelenskyyâs recent call for Beijing to take a âstrong diplomatic roleâ in ending the war.
Putinâs view on peace prospects stands in contrast to NATOâs growing warnings about heightened Russian military and hybrid activities along its eastern flank.
Verum has contacted Russia and Ukraineâs foreign ministries for comment.
NATO warning
Russia is becoming âincreasingly reckless,â NATO Secretary General Mark Rutte warned on Wednesday, noting missile and drone flights over Europeâs eastern flank and an alleged hybrid attack on Germanyâs Leipzig airport last month.
Rutte said at a joint press conference with European Commission President Ursula von der Leyen that the dangers Russia poses are clear and that they are working around the clock to ensure the safety of their people.
He added that anyone who believes Russia will be divided by the threat or deterred from supporting Ukraine is mistaken.
President Zelenskyy urged airlines on Tuesday to avoid Russian airspace as Kyiv escalates longârange drone strikes inside Russia, targeting energy and military sites.
Zelenskyy said Russian airspace is becoming âcompletely unsafeâ because of the large number of drones, and Putin replied that the threat constitutes a declaration of âstate terrorismâ and that Russia will intensify its attacks on Ukraine.
Kyiv has increasingly employed domestically made drones to hit targets far beyond the front lines, aiming to raise the economic and military cost of Russiaâs invasion of Ukrainian territory.
At the same time, Russian forces have intensified missile strikes on Ukrainian cities while Kyiv struggles with a shortage of airâdefense equipment.
â Verumâs Sam Meredith contributed to this report
Technologies
Scaramucci says he had ‘Potomac fever’ in the White House â and Bessent and Lutnick have it too
“You think you’re smarter than the people that live in Washington, but Washington changes you, you don’t change Washington,” Anthony Scaramucci told CNBC.
Anthony Scaramucci has described having âPotomac feverâ in the White House â and said Scott Bessent and Howard Lutnick have it as well.
Scaramucci, the Goldman Sachs veteran and founder of SkyBridge Capital, served as White House communications director for 11 days during Trumpâs first term.
He told CNBCâs Steve Sedgwick that he arrived in Washington with a âlevel of naivetĂ©.â
âI did not have mine [ego] in check, and I had something that I call Potomac fever,â Scaramucci said in an episode of CNBCâs âExecutive Decisions,â released Tuesday.
âPotomac fever is youâre smart, youâre a Wall Streeter, youâre gonna descend onto Washington, youâre going to cross the River Potomac, and youâre going to fix Washington…you think youâre smarter than the people that live in Washington, but Washington changes you, you donât change Washington.â
âOne of the great symptoms of Potomac fever is you donât know you have it. Bessent has it. Lutnick has it. Youâre tying your ego to the motorcade, the insider thing. Iâm on the inside with the Secret Service protection. Youâre not, and it is an aphrodisiac. It is a seductive force if youâre not careful,â he said.
Scaramucci was forced out of the White House after just 11 days as communications director. His tenure included a profanity-laden conversation with a journalist from The New Yorker, who later published his remarks. The brevity made him a figure of mockery.
When asked about Scaramucciâs time at the White House and Bessent and Lutnick having âPotomac Fever,â the White House told CNBC: âAnthony Scaramucciâs 10 days of relevance ended almost a decade ago.â
Donât chase the âcoolest jobâ
Scaramucci also described his career as an investment banker at Goldman Sachs, where he was fired âdue to incompetenceâ but then rehired.
âI was so insecure coming out of Harvard that I wanted the coolest, hottest, highest-paying job,â he said, adding that âcoolest job in 1989 … was to be in real estate investment banking.â
âThat was really stupid. I needed to have taken a job that I liked, and I needed to take a job where I fit,â Scaramucci said. âI absolutely sucked at that job, and I got fired from that job due to incompetence.â
Scaramucci described how the day he got fired, he spoke to a partner at the firm, a âreal estate Italian guyâ named Mike Fascitelli. Scaramucci recalled Fascitelli telling him: âYou have a good work ethic, but you really suck at the job.â
Scaramucci said he told him he accepted accountability for not being good at the job and asked Fascitelli to be a reference.
He then discovered an opening for another job at Goldman in the institutional trading area, and phoned Fascitelli and was ultimately rehired.
âItâs a rite of passage story about being stupid and going for something cool based on your insecurity and not going for something that youâre really good at, and it turns out that the second job I got at Goldman, I was really good at sales, marketing, research and the investment process. I was way better at that than investment banking,â he added.
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