Meta gets $3 billion from Nvidia and plans to spend more on Nvidia chips
What happened
Nvidia is investing $3 billion in Meta’s planned equity offering, The Wall Street Journal reports, while the companies are expanding their partnership around Meta’s AI product Muse. Meta plans to use more Nvidia infrastructure for its next generation of AI agents, including Vera Rubin systems and Vera CPUs. Meta seeks up to $95 billion through stock offerings; CNBC reports that AMD and Broadcom expressed nonbinding interest in buying up to $5 billion in Meta shares combined.
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