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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.
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Neocloud Lambda secured $1 billion in private debt to purchase Nvidia AI chips. The company plans to lease the chips to Microsoft. This financing follows a series of loans that highlight the high cost of the AI boom.
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