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.
In Brief
Posted:
1:24 PM PDT · August 28, 2026
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Lambda, an AI cloud company that buys computing chips and rents them out to businesses, has raised $1 billion in private, short-dated debt to buy Nvidia’s AI chips that it will lease to Microsoft, Bloomberg reports.
Lambda raises $1B in private debt for Nvidia chip collaboration with Microsoft
Lambda inks $1B private debt for Nvidia chip deal
Lambda is raising up to $3bn before an IPO, months after borrowing $917m for chips
Filling In the Gaps in Nvidia’s $500 Billion Financing Pitch
Funds will be used for GPU acquisition and committed developments
