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AI Cloud Provider Lambda Adds $1B in Debt to Expand Chip Supply for Microsoft

This story is from 2026-08-31. It is preserved in the archive; the latest stories are on the live feed.

Lambda, an AI cloud company that leases computing chips to businesses, has raised $1 billion in private, short-dated debt to purchase Nvidia AI chips that it will lease to Microsoft, according to Bloomberg. The deal, arranged by JP Morgan Chase, reflects Lambda’s expectation that it can rapidly dep…

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  1. 2026-08-31 17:22 · AI Insider
    AI Cloud Provider Lambda Adds $1B in Debt to Expand Chip Supply for Microsoft

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