On Aug 28, 2026, Nvidia-backed AI cloud provider Lambda closed about $1B in senior secured private debt, arranged by JPMorgan, to fund chips tied to its Microsoft collaboration. Lambda reported $760M ARR in 2025 (up 79%) and projects over $1.5B in revenue for 2026.
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Lambda closes $1B credit facility to buy Nvidia GPUs for Microsoft deal
Why this matters for founders
AI founders planning training runs should note neocloud capacity expanding via GPU-backed debt; more committed supply can ease access, but scrutinize contract terms and pricing before locking multi-year compute.
Source: TechCrunch
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