Neocloud Lambda secures $1B in debt to buy more chips
Neocloud Lambda has raised $1B in private debt to buy Nvidia AI chips and lease them to Microsoft. It’s the latest in a string of loans, underscoring the high cost of the AI boom.
Lambda
Cloud provider Lambda may be gearing up for an IPO
Lambda, which allows companies to rent GPUs, is reportedly following its rival CoreWeave to the public market.