As per a report by news agency Reuters, the investment forms part of an enormous capital drive by Meta, which raised the target for its latest equity offering on Tuesday to $97.5 billion, which is the biggest fundraising campaign in the company’s history.
Nvidia is reportedly putting $3 billion into Meta’s equity offering, anchoring a wider agreement between the two tech giants to jointly develop Meta’s “Muse” artificial intelligence (AI) assistant and refine the software running behind it. Notably, the capital influx is set to fund Meta’s AI infrastructure buildup even as it pours billions into specialised data centre campuses and advanced chips to stay competitive with rival AI developers such as OpenAI and Anthropic.
Beyond the financial backing, Tuesday’s (October 27) agreement ties Nvidia’s hardware closer to Meta’s software ecosystem. Nvidia’s $3 billion commitment highlights intense interest from Meta’s core hardware vendors. Key semiconductor partners, including Nvidia, Advanced Micro Devices (AMD) and Broadcom, have been in talks to jointly pick up as much as $5 billion worth of Meta’s voting Class A shares.
This effort could include deploying software in secure environments and utilizing a specialised tool called “Sentry” to track and monitor the behavior of autonomous AI agents. Meta’s Muse models and autonomous agents already operate on Nvidia infrastructure but with the new collaboration aims to boost performance and control computing expenses. Looking ahead, Meta and Nvidia noted they may also look into expanding collaboration around Nvidia’s OpenShell framework.
The massive $97.5 billion target represents an upward revision, when Meta first unveiled blueprints to raise up to $95 billion while keeping Zuckerberg’s majority voting control intact. As originally outlined, the financing package is split across two core mechanisms – roughly $35 billion issued in common and preferred stock, and a separate share sale program valued at up to $60 billion.
Referred to internally as “Hatch,” Muse serves as the focal point for CEO Mark Zuckerberg’s vision of bringing “personal superintelligence” to the billions of daily active users across Meta’s apps.