TechCrunch Industry News Meta strikes up to $100B AMD chip deal as it chases ‘personal superintelligence’; plus, Mogul says it has tracked $1.5B in music royalties
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Feb 24, 2026 Big, risky chip deals with AMD and a 160 million‑share warrant reshape how a tech giant diversifies compute beyond a dominant supplier. Massive data center expansion plans and capex commitments underline the scale of the buildout. Music startup Mogul claims it has tracked $1.5B in royalties and raised funding to scale tools for automated corrections, catalog valuation, and royalty recovery.
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Meta's Massive AMD Chip Bet
- Meta will potentially buy up to $100 billion in AMD chips tied to a performance-based 160 million share warrant.
- The deal covers MI540 GPUs and CPUs as Meta diversifies from NVIDIA while scaling toward 'personal superintelligence'.
Equity Warrant Structures Tie Chips To Stock Performance
- AMD issued Meta a warrant for up to 160 million shares, vesting against milestones and priced at a penny per share.
- Full award depends on AMD stock hitting $600 per share, tying equity upside to performance milestones and share price targets.
CPUs Rising As A Key AI Inference Layer
- CPUs are becoming central to AI inference because they scale easily and avoid vendor lock-in to NVIDIA GPUs.
- AMD CEO Lisa Su highlighted surging CPU demand driven by inferencing and agentic AI deployments.