H: Meta's partnership with AMD will deepen into a co-design deal for custom AI inference chips, announc

Meta competes with NVIDIA (evidence 2, conf 0.8) but also partners with them (evidence 2, conf 0.3)—a tense, dependent relationship. The $650B industry spend on semiconductors includes Meta; they have the capital and incentive to vertically integrate. AMD is a logical partner given existing relationship and shared competition with NVIDIA.