Lambda Secures $1 Billion GPU Loan
AI Summary
AI cloud company Lambda secured a delayed-draw term loan exceeding $1 billion to acquire more than 30,000 Nvidia GPUs. The fixed-rate facility carries an interest rate of 6.78%.
AI cloud company Lambda said it has secured its first delayed draw term loan at over $1 billion to purchase more than 30,000 Nvidia graphics processing units. The fixed-rate facility carries an interest rate of 6.78%. Privately held Lambda said in an announcement late on Thursday the facility ...