Nvidia has said it will invest $3 billion in Meta after the social media and AI giant announced plans to raise $95 billion to support its investments in artificial intelligence infrastructure.
Meta on Monday said it would initially raise $35 billion in underwritten public equity offerings, before raising an additional $60 billion with an at-the-market program.
The announcement said Nvidia, Advanced Micro Devices, and Broadcom were interested in purchasing up to $5 billion in shares.
Nvidia announced its investment on Tuesday, adding that Meta would expand Vera Rubin and Vera CPU deployment, and that the two companies would deepen their partnership on Muse, the social media giant's AI agent that launched last month.
"AI agents represent a new computing paradigm — software that understands our goals, reasons, uses tools and gets work done on our behalf," said Nvidia CEO Jensen Huang in a statement.