Meta makes multi-billion dollar deals with AMD and Google for AI computer chips

Meta has agreed to spend billions of dollars on computer chips from AMD to power its artificial intelligence systems. The company also signed a separate deal to rent AI chips from Google, as it works to build more computing power for AI projects.

At the same time, the head of the Justice Department's antitrust division, Gail Slater, left the job. Some reports say Slater was fired after disagreements with leadership in the Trump administration. In other news, Meta is cutting the value of stock awards it gives to employees.