AMD and Meta announce yet another circular megamoney GPU deal, this time for $60 billion of chips and potentially a 10% stake in AMD for Meta

Keeping up with all the megabucks deals going on right now in AI land is pretty much a full-time job. But for what it's worth, here's another doozy that involves silly amounts of money and a whiff of just the sort of cannibalistic circularity that makes the whole situation so unnerving. AMD and Meta have announced a new strategic alliance in which Meta buys $60 billion worth of AMD GPUs, but also might end up owning 10% of AMD into the bargain, a stake currently valued at around $35 billion.

So...