Lambda Secures $1 Billion GPU Loan

T1Covered by 1 source · first reported by The Information (teasers) at 02 Oct, 17:17 UTC

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 ...