Nvidia, AMD To Invest $4 Billion In Meta As It Raises $95 Billion For AI Infrastructure
Nvidia and AMD have reportedly confirmed that they will invest a combined $4 billion in Meta, a day after the company announced plans to raise $95 billion to fund its AI infrastructure. Nvidia will put in $3 billion and AMD $1 billion. Meta's $95 billion raise Meta said, as reported by CNBC, that it would first raise $35 billion through underwritten public equity offerings, then a further $60…
Chip manufacturers Nvidia and AMD announced on Monday that they will invest a total of $4 billion into Meta, following the company's plans to raise $95 billion for its AI infrastructure. Nvidia plans to contribute $3 billion, while AMD will invest $1 billion. Meta's $95 billion raise will be funded through a combination of underwritten public equity offerings and an at-the-market program, in which shares will be gradually sold over time.
Nvidia, AMD, and Broadcom have shown interest in acquiring up to $5 billion of Meta's shares. Nvidia CEO Jensen Huang stated that Meta will expand its use of Vera Rubin and Vera CPU hardware, and deepen work on Muse, Meta's AI agent. Meta CEO Mark Zuckerberg expressed excitement about delivering the best personal agents and frontier models for billions of people.
AMD CEO Lisa Su highlighted that their Helios racks are running at Meta, and their EPYC processors power Muse, as the companies aim to build infrastructure on a "gigawatt scale" for Meta's superintelligence ambitions.
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