Meta to Launch Production of In-house AI Chips This September
WHO:
NY Post - Mark Zuckerberg's Meta is involved in the initiative to design its own artificial intelligence chips.
TechCrunch - Meta is the organization involved in the production of AI chips.
Techmeme - Meta Platforms (META.O) is the full name of the organization.
WHAT:
Fox Business - Micron CEO Sanjay Mehrotra announced a new $250 billion investment to respond to surging demand for memory storage driven by artificial intelligence.
Fox Business - Micron plans to produce 40% of its DRAM chips in the United States as part of its long-term objective.
Fox Business - Micron is expanding its manufacturing footprint by opening a new site in central New York.
Techmeme - Meta's initiative to produce its in-house AI chip, codenamed Iris, is part of a broader industry effort to create custom silicon amid high demand for AI technology.
NY Post - The initiative, known internally as "Iris," focuses on developing custom silicon to power the AI systems behind Facebook.
Bloomberg - Meta launched a Meta Model API, with pricing described by Mark Zuckerberg as "aggressive and attractive" at approximately 25% of the cost of OpenAI and Anthropic models.
TechCrunch - Meta plans to start making its latest versions of AI-specific chips.
Techmeme - Meta plans to begin production of its in-house AI chip, codenamed Iris.
Techmeme - Meta aims to boost its computing power to 14GW.
WHEN:
Techmeme - Meta plans to begin production of its in-house AI chip, codenamed Iris, in September.
TechCrunch - Production of the AI chips is set to begin in September.
Techmeme - The target year for boosting computing power to 14GW is 2027.
WHY:
TechCrunch - Meta's initiative is part of its bid to spend less on GPUs from providers like Nvidia.
HOW:
Techmeme - The production of the AI chip is part of Meta's plan to enhance its artificial intelligence capabilities.
(UPDATED July 10, 2026 11:53 UTC)
Micron's CEO Sanjay Mehrotra has announced a significant $250 billion investment aimed at meeting the rising demand for memory storage fueled by artificial intelligence. As part of its long-term strategy, Micron plans to produce 40 percent of its DRAM chips in the United States. Additionally, the company is expanding its manufacturing footprint with the opening of a new site in central New York.
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(UPDATED July 10, 2026 08:08 UTC)
Meta is launching an initiative to develop its own AI chip, codenamed Iris, as part of a larger trend in the tech industry to create custom silicon in response to the growing demand for AI technology. This move highlights the competitive landscape among tech companies striving to enhance their capabilities in artificial intelligence. With the rise of AI applications, the development of specialized hardware is becoming increasingly essential for innovation and performance.
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(UPDATED July 9, 2026 20:34 UTC)
Meta, led by Mark Zuckerberg, is taking a significant step by designing its own artificial intelligence chips as part of an initiative known internally as "Iris." This project aims to create custom silicon specifically to enhance the AI systems that power Facebook. Production of the in-house AI chip, codenamed Iris, is set to begin in September.
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(UPDATED July 9, 2026 18:32 UTC)
Meta has just launched a new Meta Model API, which Mark Zuckerberg has described as having pricing that is "aggressive and attractive." This new offering is set at approximately 25 percent of the cost of similar models from OpenAI and Anthropic. The announcement has generated significant interest in the tech community as companies look for more affordable AI solutions.
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(UPDATED July 9, 2026 17:42 UTC)
Meta Platforms is set to begin production of its in-house AI chip, codenamed Iris, in September. This initiative aims to boost the company's computing power to 14 gigawatts by 2027, as part of a strategy to reduce reliance on GPUs from providers like Nvidia. The move is designed to enhance Meta's artificial intelligence capabilities significantly.