ValueAct Capital has amassed a $1 billion stake in Facebook and Instagram parent Meta Platforms, a validation of the tech giant’s moves in artificial intelligence, a source familiar with the matter confirmed.

ValueAct Capital Management has taken a $1 billion stake in Facebook parent Meta Platforms Inc., according to a person familiar with the matter.

ValueAct Capital has built a $1-billion stake in Meta Platforms but is not currently pushing for big changes at the Facebook and Instagram parent, a source familiar with the matter told Reuters on Tuesday.

Activist investor ValueAct has taken a $1 billion stake in Meta Platforms. ValueAct will discuss the investment in Meta with its investors later on Tuesday, according to CNBC's David Faber, who cited a conversation he was with ValueAct's Mason Morfit.