What's Going On With Meta Stock Friday

Meta Platforms, Inc META shares traded lower Friday after it showcased its AI chips and supercomputer.

The Big Tech firm disclosed the first custom silicon chip for running AI models, a new AI-optimized data center design, and the second phase of its 16,000 GPU supercomputer for AI research Thursday. 

Meta's efforts and additional projects still underway will enable it to develop more extensive, more sophisticated AI models and then deploy them efficiently at scale

The Mark Zuckerberg-led company discussed reimagining how it coded by deploying CodeCompose, a generative AI-based coding assistant.

Also Read: Megacap Tech Stocks Nvidia And Meta Have Doubled This Year Alone - Why That Matters?

It disclosed creating a scalable foundation to power emerging opportunities like generative AI and the metaverse.

Meta proposed to advance its infrastructure in MTIA (Meta Training and Inference Accelerator), its in-house, custom accelerator chip family targeting inference workloads, Next-Gen Data Centerand Research SuperCluster (RSC) AI Supercomputer.

MTIA, backed by more excellent compute power and efficiency than CPUs, will likely deliver better performance, decreased latency, and greater efficiency for each workload when supported by GPUs. Taiwan Semiconductor Manufacturing Company Ltd TSM has produced the MTIA technology through its 7nm process.

Meta's new data center will be an AI-optimized design, supporting liquid-cooled AI hardware and a high-performance AI network connecting thousands of AI chips for data center-scale AI training clusters. 

It will also be faster and more cost-effective to build and complement other new hardware like its first in-house-developed ASIC solution, MSVP.

Meta's RSC features 16,000 Nvidia Corp NVDA GPUs, all accessible across the 3-level Clos network fabric, providing total bandwidth to each of the 2,000 training systems.

One of Meta's new computer chips, the Meta Scalable Video Processor, or MSVP, helps to process and transmit video to users while cutting down on energy requirements.

Meta's new hardware is compatible with its home-grown PyTorch software, a popular tool helping third-party developers to create AI apps, CNBC cites company executives.

The new hardware will eventually power metaverse-related tasks, like virtual and augmented reality and generative AI.

Meta has developed a generative AI-powered coding assistant for the company's developers, similar to Microsoft's GitHub Copilot tool backed by the AI startup OpenAI.

Meta stock has gained 98% YTD.

Price Actions: META shares traded lower by 1.05% at $244.25 on the last check Friday.

Photo via Company

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