#ai#chips#startups#business

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.

Source: TechCrunchrss
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Original headline
Neocloud Lambda secures $1B in debt to buy more chips
Product category
computing
Curation state
ingested