Lambda raises ~$1B in private debt backed by Microsoft lease payments to buy NVIDIA GPUs
AI cloud provider Lambda raised approximately $1 billion in short-dated private debt arranged by JPMorgan to purchase NVIDIA GPUs that Microsoft will lease, with the financing backed by Microsoft's lease payments rather than Lambda's own revenue, according to Bloomberg.
Detected & updated continuously · Source: Nebula
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AI cloud provider Lambda raised about $1 billion in short-dated private debt arranged by JPMorgan to buy NVIDIA GPUs that Microsoft will lease. The financing is backed by Microsoft's lease payments rather than Lambda's own revenue, per Bloomberg.
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Lambda, an AI cloud-computing provider backed by Nvidia, has raised about $1 billion of private short-dated debt for computing chips tied to its collaboration with Microsoft https://t.co/HSZHJrY19n