Nvidia Partner Lambda Labs In Talks To Raise $800M To Expand AI Infrastructure And Meet Soaring Demand For GPUs And Cloud Services

Quick Summary:

In a bid to capitalize on the surging demand for AI computing, Lambda Labs, a Silicon Valley startup, is in discussions to raise an additional $800 million.

Lambda Labs, based in San Jose, recently secured a $500 million loan using its NVIDIA Corp (NASDAQ:NVDA) chips as collateral.

The company’s rapid succession of funding rounds underscores the increasing demand for Nvidia’s GPUs, which are now a sought-after commodity.

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Article Details

Category: Technology

Markets: United States

Topics: Kaustubh Bagalkote Silicon Valley Tech US67066G1040 News Startups Global Benzinga Entrepreneurship Lambda Labs NVDA

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-01 @ 02:14:33 (2 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 420 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 20 words per sentence (average)

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Copyright Owner: © Benzinga

News ID: 21434603

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