Meta's pricey bet on AI comes with new custom chips, coder tools

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Key Points

In Meta Platforms Inc.'s year of cost cutting and layoffs, there's one area that's seeing record spending: an update of the social media giant's infrastructure to keep pace in the artificial intelligence arms race...

On Thursday, the Facebook owner unveiled a slew of new technologies, including a new chip developed in-house to help train AI faster, and a tool that helps coders get suggestions for how to build their products..

The company is also revamping its data centers to make it easier to deploy AI technology...