AI & Automation · via TechCrunch AI

Neocloud Lambda secures $1B in debt to buy more chips

2h ago · curated by Catalyst Web Trendz

Neocloud 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.

This is a curated summary. The full story was reported by TechCrunch AI.

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