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Neocloud Lambda secures $1B in debt to buy more chips

TechCrunch AIRebecca BellanAugust 29, 20260 viewsSource

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 secures $1B in debt to buy more chips - AI Trends - Hub light | Hub light