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

Source: techcrunch.com · Section: business-tech · Bias: Center · Published: Fri, 28 Aug 2026 20:24:11 GMT

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 the full article at techcrunch.com →

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