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Saturday, August 29, 2026 Set Location International Edition
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Technology

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

August 29, 2026 TechCrunch 1 min read
TechCrunch · Center
Neocloud Lambda secures $1B in debt to buy more chips

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.

Source: TechCrunch

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