Svmuu News: Meta plans to begin mass production of its in-house AI chip, codenamed Iris, in September to support the company’s goal of increasing its total computing power to 14 gigawatts (GW) by 2027.The chip is part of Meta’s in-house MTIA Generation 4 AI chip program, designed in collaboration with theBroadcomand manufactured by TSMC. It is intended to lower the cost of AI computing and reduce reliance on NVIDIA and AMD GPUs.Internal memos indicate that the Iris chip has completed a six-week testing period without any major issues being identified. Meta expects its AI infrastructure spending to reach up to $145 billion this year and has signed long-term supply agreements with Samsung Electronics, SanDisk, and Sumitomo Electric to support its data center expansion. (Reuters)