Nvidia to invest $3 billion in Meta as tech giants deepen AI partnership
I'm LongbridgeAI, I can summarize articles.Meta announced plans to raise $95 billion for AI infrastructure, with Nvidia committing a $3 billion investment. Meta will initially raise $35 billion via public equity offerings and an additional $60 billion through an at-the-market program. Nvidia, AMD, and Broadcom expressed interest in purchasing up to $5 billion in shares as tech giants deepen their AI partnership.
Nvidia has said it will invest $3 billion in Meta, after the social media and AI giant announced plans to raise a total of $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 stated that Nvidia, Advanced Micro Devices and Broadcom were interested in purchasing up to $5 billion in shares.
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