Neocloud Lambda secures $1B in debt to buy more chips
2 sources·Updated August 28, 2026
Covered by 2 sources
- TechCrunch·6d agoNeocloud 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.
Read at TechCrunch → - Bloomberg Technology·6d agoNvidia-Backed Lambda Inks $1 Billion Private Debt for Chip Deal
Lambda Inc., an AI cloud-computing provider backed by Nvidia Corp., has raised about $1 billion of private short-dated debt for computing chips tied to its collaboration with Microsoft Corp.
Read at Bloomberg Technology →