Tag: lambda

Specialized AI cloud provider Lambda has secured approximately $1 billion in short-dated private debt arranged by JPMorgan Chase to acquire Nvidia graphics processors that will be leased to Microsoft. The transaction marks Lambda second multi-hundred-million-dollar debt closing in weeks, following a $926 million asset-backed term loan facility priced earlier this month. The deal reflects how neoclouds are increasingly turning to complex debt instruments and customer off-take agreements to finance gigawatt-scale AI infrastructure.

By NeuraFeed