Nvidia will put $3 billion into Meta, the chipmaker said on Tuesday, taking a stake in the social media and AI group’s largest capital raise as Mark Zuckerberg pushes to fund Meta’s artificial intelligence build-out.

The investment follows Meta’s announcement on Monday that it plans to raise $95 billion to support its spending on AI infrastructure. Meta said it would initially raise $35 billion through underwritten public equity offerings, then a further $60 billion through an at-the-market programme. That announcement said Nvidia, Advanced Micro Devices and Broadcom were interested in buying up to $5 billion in shares between them.

Alongside its investment, Nvidia said Meta would expand its deployment of Vera Rubin and the Vera CPU and that the two companies would deepen their work on Muse, the Meta AI agent that launched last month.

Nvidia described AI agents as a new computing paradigm, software that understands users’ goals, reasons, uses tools and carries out work on their behalf, changing how people use computers from operating applications to working with intelligent agents.

“We’re excited to keep working with NVIDIA to deliver the best personal agents and frontier models for billions of people,” said Zuckerberg.

Both companies’ shares were flat in premarket trading on Tuesday.

The deal fits a pattern for Nvidia, which has been building stakes across the companies powering the AI boom, including OpenAI, Anthropic, Intel and xAI. The chipmaker has taken part in 121 investment rounds so far this year, according to Dealroom, up from just 13 in 2022.

Meta, based in Menlo Park, California, was formerly known as Facebook and changed its name to Meta Platforms in October 2021. It already counts Microsoft, Nvidia, AMD, Broadcom and OpenAI among its collaborators.