GoKawiilLambda raises $1B in short-term debt to buy Nvidia chips for Microsoft lease
AI cloud provider Lambda has secured $1 billion in private, short-dated debt arranged by JP Morgan Chase to purchase Nvidia AI chips it plans to lease to Microsoft, according to Bloomberg. This follows a $1 billion secured credit facility Lambda closed in May and a $926 million loan this week for Nvidia GB300 GPUs tied to a separate contract with Nvidia itself.