Nvidia, AMD to invest $4 billion in Meta: Why the AI infrastructure deal is important
investments in artificial intelligence infrastructure. AMD will also invest $1 billion in Meta’s equity offering, taking the combined investment from the two chipmakers to $4 billion.
The investments come as Meta plans to raise up to $97.5 billion to fund its AI infrastructure expansion. This will be the largest fundraising effort in the Meta’s history. Meta announced its fundraising plan on Monday, initially proposing to raise $35 billion through underwritten public equity offerings, followed by another $60 billion through an at-the-market programme.
