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Meta's shares are up today on reports that the company is considering using Google’s tensor processing units (TPUs) in its data centers in 2027. Meta is among the biggest spenders on AI infrastructure, with the company projecting its capital expenditure to stand between $70 billion to $72 billion this year. Watch more: cnb.cx/4p2ivTW | CNBC
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Nvidia shares fell on Tuesday after The Information reported that Meta is considering using chips designed by Google. On Monday, The Information reported that Meta is considering using Google’s tensor processing units (TPUs) in its data centers in 2027. Meta may also rent TPUs from Google’s cloud unit next year, the publication reported. CNBC's Kristina Partsinevelos has the story. Read more: cnb.cx/4p2ivTW | CNBC
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