Companies
Nvidia to Invest $3 Billion in Meta as Meta Plans $95 Billion AI Fundraising
Nvidia will invest $3 billion in Meta after Meta announced a $95 billion AI infrastructure raise, CNBC reported.
Meta said on Monday that it would initially raise $35 billion in underwritten public equity offerings, then raise an additional $60 billion through an at-the-market program.
The announcement stated that Nvidia, Advanced Micro Devices and Broadcom were interested in purchasing up to $5 billion in shares.
Nvidia's $3 billion investment was disclosed after Meta's fundraising plan. CNBC described the report as a developing story and said it would be updated.