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An internal memo reveals that Meta plans to begin manufacturing AI chips in September 2026, aiming to increase its computing capacity to 14 gigawatts by next year. The chip, called Iris, is designed to enhance the performance of Facebook and Instagram platforms, and is part of a long-term internal project involving the development of multiple generations of training and inference accelerators. This move is seen as Meta's effort to achieve greater independence and reduce reliance on chip suppliers, with expectations to produce new chips every six months until 2027, expand computing infrastructure to 7 gigawatts in 2026, and spend around $145 billion on AI infrastructure this year.
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