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Nvidia-Backed Lambda Inks $1 Billion Private Debt for Chip Deal

Source: Bloomberg

Artificial IntelligencePrivate Markets & VentureCompany Fundamentals

Lambda Inc. raised about $1 billion in private short-dated debt to fund AI cloud-computing focused on chips linked to its Microsoft collaboration. The deal underscores continued financing support for Nvidia-linked compute needs, which is modestly positive for the company’s near-term capital outlook.

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