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

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

The story

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.

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  • • Neocloud Lambda secured $1B in private debt to purchase Nvidia AI chips.

  • • The debt is used to lease computing capacity specifically to Microsoft.

  • • JPMorgan Chase arranged the deal to convert future lease revenue into upfront capital.

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

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.

techcrunch.com

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