Neocloud Lambda raises $1B in private debt to buy Nvidia AI chips and lease them to Microsoft.
Read the original at techcrunch.com→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.
Original headline: "Neocloud Lambda secures $1B in debt to buy more chips"
Coverage timeline
- Aug 28, 20:24 UTC TechCrunch AI lead source Neocloud Lambda secures $1B in debt to buy more chips