India, Oct. 27 -- Nvidia will invest $3 billion in Meta. The chipmaker announced the investment on Tuesday, October 27, as Meta increases its spending on artificial intelligence (AI) infrastructure.

Meta plans to raise $95 billion to fund AI investments. The social media and AI company announced plans to raise money to support its investments in AI infrastructure, according to CNBC.

Meta will raise the money in two stages. The company said on Monday that it would initially raise $35 billion through underwritten public equity offerings. It plans to raise another $60 billion through an at-the-market offering programme.

Nvidia, AMD and Broadcom showed interest in buying Meta shares. The announcement said chipmakers Nvidia, Advanced Micro ...