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

August 28, 2026 · 8:24 pm 1 sources

Image: TechCrunch

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  • Neocloud Lambda secures $1B in debt to buy more chips
    TechCrunch · August 28, 2026 20:24
    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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