First Squawk(@FirstSquawk):Nvidia-Backed Lambda Raises $1 Billion for AI Chips AI cloud-computing provider Lambda has raised about $1 billion in private short-term debt to finance Nvidia GPUs that will be leased by Microsoft. JPMorgan arranged the transaction, highlighting the growing use of private credit to fund the massive infrastructure spending required for artificial intelligence. The deal follows a separate $926 million loan completed earlier this month for GPUs and related infrastructure. Lambda is also reportedly seeking up to $3 billion in new equity funding, potentially preparing the company for an IPO next year as demand for AI computing capacity continues to surge.

2026.08.28 16:39

Nvidia-Backed Lambda Raises $1 Billion for AI Chips AI cloud-computing provider Lambda has raised about $1 billion in private short-term debt to finance Nvidia GPUs that will be leased by Microsoft. JPMorgan arranged the transaction, highlighting the growing use of private credit to fund the massive infrastructure spending required for artificial intelligence. The deal follows a separate $926 million loan completed earlier this month for GPUs and related infrastructure. Lambda is also reportedly seeking up to $3 billion in new equity funding, potentially preparing the company for an IPO next year as demand for AI computing capacity continues to surge.