Lambda raised $1 billion in private, short-dated debt to buy Nvidia AI chips it will lease to Microsoft, Bloomberg reports. JP Morgan Chase arranged the deal, which follows a $1 billion secured credit facility in May and a $926 million loan for Nvidia GB300 GPUs. The debt comes as Lambda reportedly discusses a $3 billion pre-IPO round, after raising $1.5 billion in venture capital at a $5.43 billion valuation, per PitchBook.
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