Neocloud Lambda secures $1B in debt to buy more chips
Lambda is borrowing another $1 billion to buy Nvidia AI chips for a Microsoft lease.
The private, short-dated debt was reportedly arranged by JPMorgan Chase. TechCrunch says the structure points to Lambda expecting fast deployment and quick revenue from the chips. The company has also recently closed a $1 billion secured credit facility and a $926 million loan tied to Nvidia GB300 GPUs. TechCrunch AI's note
The private, short-dated debt was reportedly arranged by JPMorgan Chase. TechCrunch says the structure points to Lambda expecting fast deployment and quick revenue from the chips. The company has also recently closed a $1 billion secured credit facility and a $926 million loan tied to Nvidia GB300 GPUs. TechCrunch AI's note
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