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Update: Market Chatter: Meta Platforms Aims to Start AI Chip Production in September to Boost Computing Capacity

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(Updates to add the company's response in the third paragraph.)

Meta Platforms (META) is aiming to start the production of artificial intelligence chips from September, amid plans to increase its computing capacity to 14 gigawatts next year, Reuters reported Thursday, citing an internal memo.

Testing of the chip, code-named "Iris," took six weeks and found no major issues, Reuters reported.

Meta declined to comment when reached out by.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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