Nvidia to Invest $3 Billion in Meta's Equity Offering Amid AI Push
Chipmaker Nvidia will invest $3 billion in Meta's equity offering as part of an expansion of their artificial intelligence partnership.
Chipmaking giant Nvidia is set to invest $3 billion in the equity offering being pursued by Meta, The Wall Street Journal reported. The move is intended to deepen the artificial intelligence partnership between the two companies, according to The Lufkin Daily News.
The investment follows Meta's push to raise tens of billions of dollars to fund its artificial intelligence infrastructure, an initiative in which Nvidia was slated to participate as an anchor investor.
Further details regarding the full terms of the agreement have not yet been released.
Sources: https://tech-insider.org/, The Lufkin Daily News, WSJ
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