Lambda secures $500 million loan with Nvidia chips as collateral

Lambda secures $500 million loan with Nvidia chips as collateral

The Star Online - Tech·2024-04-05 08:01

(Reuters) - Lambda has secured a $500 million loan from lenders including Macquarie Group with Nvidia's much-coveted chips as collateral, the specialty artificial intelligence cloud provider said on Thursday.

Startups addressing the towering need for chips and software that can support AI's complex computing requirements have been luring private investors.

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