Meta acquires Rivos to boost its AI chip development

Meta is acquiring Rivos, valued at $2 billion, to boost its AI chip development and reduce reliance on NVIDIA, according to VP Yee Jiun (YJ) Song. The move supports Meta’s MTIA program, with AI-related spending expected to reach $65 billion by 2025, part of a total $114–$119 billion budget. Zuckerberg prioritizes AI to compete with OpenAI and Google, while Meta partners with TSMC for chip manufacturing.