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Lambda secures $500 million loan with Nvidia chips as collateral

(Reuters) - Lambda has secured a $500 million loan from lenders including Macquarie Group with Nvidia's much-coveted chips as collateral, the specialty artificial intelligence cloud provider said on Thursday.

Arsheeya bajwaMaju samuelJensen huangIndustrial development fundingMacquarie groupThomas tull

Lambda borrows half a billion dollars to grow its GPU cloud

Lambda Labs, operator of a GPU-infused cloud, on Thursday revealed it has secured a $500 million loan to fund the expansion of its accelerators-as-a-service…

Industrial development fundingMacquarie groupLambda labsReaking news

Using NVIDIA Chips As Collateral, Lambda Secures A $500 Million Loan

(CTN News) - Nvidia chips were used as collateral for Lambda to obtain a $500 million loan from lenders such as Macquarie Group.......

Jensen huangIndustrial development fundingThomas tull us innovative technologyMacquarie groupThomas tull

Lambda puts its GPUs on the line to get more GPUs

The cloud specialist is using its collection of GPUs as collateral for $500 million in fresh funding.

Mitesh agrawalIndustrial development fundingMacquarie group

Lambda Announces $500M GPU-Backed Facility to Expand Cloud for AI

Lambda Announces $500M GPU-Backed Facility to Expand Cloud for AI
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Mitesh agrawalDon trentMacquarie groupIndustrial development fundingMacquarie group limitedMacquarie group commoditiesIndustrial developmentLambda cloudSenior managing directorGlobal marketsGroup limitedDevelopment fundingQualified institutional

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