Meta’s Bold Move: Testing In-House Chips For AI Training

by News Editor

March 17, 2025

Meta is reportedly piloting its own AI training chips, aiming to cut reliance on Nvidia and other hardware suppliers.

The social media giant has partnered with Taiwan-based TSMC to manufacture the custom-designed chip, optimized for AI-specific workloads. The company has initiated a small-scale deployment and, if successful, plans to ramp up production.

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While Meta has previously developed AI chips, they were limited to running models rather than training them. Past chip projects have faced setbacks, with some being scrapped after failing to meet internal benchmarks.

Meta’s AI ambitions come with massive costs—this year alone, it expects to spend $65 billion in capital expenditures, much of it on Nvidia GPUs. Even a modest shift to proprietary chips could yield substantial savings and mark a major step toward greater self-sufficiency in AI infrastructure.

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Cyprus Hotels Report Improved Bookings Ahead Of Summer Season

by THEFUTURE.TEAM

June 3, 2026

Overview of Booking Trends

The Chairman of the Pan-Cypriot Hotel Association, Thanos Michailidis, stated that there is a gradual improvement in booking activity. However, he cautioned that the current flow remains below expectations for May, with a similar outlook anticipated for June.

Seasonal Performance Concerns

According to Michailidis, booking activity has improved compared with March, but volumes remain lower than typically expected at this stage of the season. The shortfall has been particularly noticeable for July and August bookings, a trend that first emerged in March. At the same time, increased last-minute demand has provided some encouragement, with industry stakeholders closely monitoring booking patterns ahead of the peak summer season.

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Implications Of The Israeli Market

Michailidis highlighted the growing importance of the Israeli market for Cyprus tourism. He noted that demand from Israeli travellers tends to respond quickly to changing conditions, making the market an important factor in the sector’s short-term performance.

The Critical Role Of Human Capital

Michailidis also pointed to staffing challenges facing the tourism industry. Regional instability in the Middle East has added uncertainty for employers seeking to retain and recruit personnel. He said government measures introduced in April helped address requests from the sector and supported efforts to maintain staffing levels during the summer period.

Competitive Pricing And Market Adaptations

Hotel operators continue to offer competitive pricing, according to Michailidis. Many businesses have expanded discounts for travel agents and introduced special offers targeting the domestic market in an effort to stimulate demand. He also noted that Cyprus faces structural challenges linked to air connectivity, with flight costs often remaining higher than those of competing destinations.

Key Markets And Future Prospects

The United Kingdom, Israel, Poland, Germany and the Scandinavian countries remain among Cyprus’ most important tourism markets, according to Michailidis. Domestic tourism also continues to play a significant role, particularly during holiday periods such as the Pentecost weekend.

Industry stakeholders are expected to monitor booking trends closely over the coming weeks as they assess demand for the remainder of the summer season.

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