'Nvidia Accelerates AI Startup Investments, Nears Deal With Cloud Provider Lambda Labs' - The Information
Portfolio Pulse from Benzinga Newsdesk
Nvidia is reportedly nearing a deal to take an equity stake in Lambda Labs, a startup that competes with Amazon Web Services in renting servers with Nvidia chips to other companies. The deal could total $300 million in new capital and might value Lambda Labs at over $1 billion. This follows Nvidia's similar equity stake in CoreWeave, a Lambda rival.
July 18, 2023 | 12:24 pm
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Nvidia's potential equity stake in Lambda Labs could strengthen its position in the AI and cloud services market, potentially boosting its stock.
Nvidia's potential investment in Lambda Labs, a cloud provider startup, could strengthen its position in the AI and cloud services market. This could lead to increased demand for Nvidia's chips, potentially boosting its revenues and stock price.
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