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Facebook owner Meta Platforms will buy artificial intelligence chips from Advanced Micro Devices in a deal that will also give it the opportunity to buy up to a 10 per cent stake of the chip company. Meta will buy AMD's latest chips, the MI450, to help power data centres. The 6-gigawatt agreement will see shipments supporting the first gigawatt deployment set to start during the second half of this year. The agreement could potentially be worth more than USD 100 billion. Shares of AMD jumped more than 9 per cent before the market opened on Tuesday. The companies said that AMD issued Meta a performance-based warrant for up to 160 million shares of its common stock at USD 0.01 a piece, structured to vest as long as certain milestones are achieved. The first tranche vests with the initial 1-gigawatt of shipments, with additional tranches vesting as Meta's purchases scale to 6 gigawatts. News of the AMD deal comes just days after Meta announced a long-term partnership where it will us