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AI cloud computing provider Lambda raised ~$1B of private short-dated
Sources: AI cloud computing provider Lambda raised ~$1B of private short-dated debt to finance the purchase of Nvidia GPUs, which will be leased by Microsoft
TL;DRLambda borrowed $1B to buy Nvidia GPUs for Microsoft leasing deals.
Why it matters: Shows how AI infrastructure funding works and Microsoft's GPU demand scale.
Lambda Inc., an AI cloud-computing provider backed by Nvidia Corp., has raised about $1 billion of private short-dated debt …
Read full articleSource: Bloomberg · Opens in new tab