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

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

August 28, 2026 at 08:24 PM

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.

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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