Nvidia will buy $3bn of Meta's new shares and work with it on the Muse AI agent, as Meta expands its use of Nvidia's Vera Rubin chips.
AI⏱ 1 min read · Source: The Next Web
⚡ Key Takeaways
- Since then, Meta has raised the common-stock portion of the sale to $25bn from $22.5bn and priced the shares at $625 each.
- With a separate sale of preferred shares, Meta expects to raise up to $37.5bn in total.
- When it launched the sale, Meta said Nvidia, AMD and Broadcom had together shown interest in buying up to $5bn of the shares.
The Next Web reports: Nvidia will put $3bn into Meta and work more closely with it on Muse, Meta’s personal AI agent, the two companies announced today. The money is part of the share sale Meta launched on Monday to pay for its growing AI spending.
Key Points
- Since then, Meta has raised the common-stock portion of the sale to $25bn from $22.5bn and priced the shares at $625 each.
- With a separate sale of preferred shares, Meta expects to raise up to $37.5bn in total.
- When it launched the sale, Meta said Nvidia, AMD and Broadcom had together shown interest in buying up to $5bn of the shares.
The Details
Meta plans to use more Nvidia hardware in its data centres, including the chipmaker’s next Vera Rubin chips and Vera processors. “Muse is how we bring personal superintelligence to everyone,” said Meta chief executive Mark Zuckerberg.
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This is a short news brief prepared by our desk. For the complete report, including all quotes and context, read the original article at The Next Web.
Source: This article is based on reporting by The Next Web (Ana-Maria Stanciuc). Read the original article.
This story was compiled automatically by BSDC Cortex 7.0 from the cited source, then checked by automated fact, style and quality gates. No external AI service was used.
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