Facebook owner’s investment described by semiconductor company as ‘big bet’ on artificial intelligence Business live – latest updates The owner of Facebook has agreed to buy $60bn (£44.5bn) of artificial intelligence chips from the US semiconductor company Advanced Micro Devices despite fears over the vast sums being spent on the AI industry . Meta, which also owns Instagram and WhatsApp, has clinched the five-year deal in which it will also buy 10% of the chip company. Continue reading...