Nvidia to invest $3 billion in Meta's share offering as companies expand Muse AI partnership
Nvidia said it will buy $3 billion of the shares Meta is selling to fund AI infrastructure, as the two companies expand work on Meta's Muse models and agents. Reuters reported that Meta raised the offering to $97.5 billion.
Nvidia will invest $3 billion in Meta’s equity offering, the chipmaker said on Tuesday 27 October, as the two companies announced an expanded partnership on Meta’s Muse family of AI models and agents.
The companies said they would work together to improve inference and training performance for Muse, and that Meta intends to expand its use of Nvidia infrastructure, including Vera Rubin systems and Vera CPUs, Spectrum-X Ethernet networking and BlueField-4. They said they may also cooperate on Nvidia’s OpenShell framework and its Sentry tool for monitoring how AI agents behave.
Meta announced on Monday that it planned to raise up to $95 billion through a share sale to fund AI infrastructure. Reuters reported that Meta increased the offering to $97.5 billion on Tuesday, the largest fundraising in its history.
“AI agents represent a new computing paradigm,” Nvidia chief executive Jensen Huang said in the statement. Meta chief executive Mark Zuckerberg said Muse “is how we bring personal superintelligence to everyone”.
Nvidia shares rose about 1% in midday trading on Tuesday, while Meta shares fell about 0.8%, CNBC reported.
See also: Meta plans to raise up to $95 billion in equity for AI infrastructure.
Sources
- NVIDIA and Meta to Expand Collaboration on Muse and Muse Family of Models Amid Robust Growth · Nvidia
- Nvidia, Meta deepen AI ties with $3 billion investment deal · Reuters (via StreetInsider)
- Nvidia investing $3 billion in Meta in Muse partnership · Axios
- Stocks making the biggest moves midday: SoFi Technologies, Pentair, Royal Caribbean, JetBlue & more · CNBC
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