Meta launches Meta Compute business unit and unveils four new MTIA chip generations, backed by up to $135B in 2026 capex, pressuring decentralized AI

Meta jumped 6% Friday and 15% on the week after unveiling Meta Compute, a plan to sell AI computing capacity to outside customers.

The tech firm's data center chip, code-named "Iris," is part of a four-generation project for Meta Training and Inference Accelerators (MTIA) that it will design in-house. The…