Meta gets $3 billion from Nvidia as they team up to make Muse AI faster and cheaper to run
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What just happened? One day after Meta announced plans to raise $95 billion to fuel its AI spending, Nvidia has confirmed it will invest $3 billion in Meta's equity offering. Team Green calls the move a strengthening of the companies' AI partnership, one that will deepen their collaboration on the Muse AI models.
When Meta announced its stock offering yesterday, it was reported that Nvidia, AMD, and Broadcom had indicated interest in buying up to $5 billion worth of the company's shares collectively. The world's largest company by market cap has now confirmed its contribution.
The original fundraising plans comprised roughly $35 billion in initial offerings and a separate $60 billion share-sale program, expected after Meta's new nonvoting Class C shares begin trading in early 2027. That later program remains subject to final...
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