Nvidia to invest $3 billion in Meta equity offering
Original title: Meta gets $3 billion from Nvidia and plans to spend more on Nvidia chips
Meta plans to raise up to $95 billion for AI infrastructure and run more agents on Nvidia Vera Rubin systems.
The Wall Street Journal reports Nvidia is investing $3 billion in Meta’s planned equity offering. The companies said they will expand work around Meta’s AI product Muse, with Meta using more Nvidia infrastructure, including Vera Rubin systems and Vera CPUs, for its next generation of AI agents. Meta wants to raise up to $95 billion through stock offerings for its AI buildout. CNBC reported AMD and Broadcom signaled nonbinding interest in buying up to $5 billion of Meta shares combined.
Unconfirmed: The investment is reported by the Wall Street Journal, and AMD and Broadcom interest is nonbinding.
- Nvidia’s reported commitment is $3 billion.
- The expanded partnership centers on Meta’s Muse product.
- Meta plans to use Vera Rubin systems and Vera CPUs.
- AMD and Broadcom’s combined interest is described as nonbinding and up to $5 billion.
- Critics describe similar Nvidia customer investments as circular financing.
- Products
- MuseVera RubinVera CPUs
From the original article
1 min read at the-decoder.com
ia is buying into its customer Meta, which plans to run more of its AI agents on Nvidia hardware. The article Meta gets $3 billion from Nvidia and plans to spend more on Nvidia chips appeared first on The Decoder.
By Maximilian Schreiner · the-decoder.com
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