Neocloud Lambda secures $1B in debt to buy more chips
TechCrunch 1 month ago 1
Lambda secured $1 billion in private, short-dated debt to buy Nvidia AI chips it will lease to Microsoft. The financing is $1 billion and was reported on August 28, 2026. Lambda says the added GPU purchases let it deploy chips quickly to start revenue sooner and repay the debt, continuing its pattern of borrowing to fund customer-specific AI infrastructure.