Nvidia Partner Lambda Labs In Talks To Raise $800M To Expand AI Infrastructure And Meet Soaring Demand For GPUs And Cloud Services
Portfolio Pulse from Benzinga Neuro
Lambda Labs, a Silicon Valley startup, is in talks to raise $800 million to expand its AI infrastructure and meet the growing demand for GPUs and cloud services. The company recently secured a $500 million loan using Nvidia chips as collateral. The funding will be used to acquire more Nvidia GPUs and hire additional staff. This move highlights the increasing demand for Nvidia's GPUs, driven by the AI computing boom.
July 01, 2024 | 2:14 am
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Nvidia's GPUs are in high demand as Lambda Labs seeks to raise $800 million to expand its AI infrastructure. This move underscores the growing significance of AI computing and the increasing reliance on Nvidia's technology.
The news highlights the increasing demand for Nvidia's GPUs, driven by the AI computing boom. Lambda Labs' plan to raise $800 million to acquire more Nvidia GPUs and expand its AI infrastructure indicates strong future revenue potential for Nvidia.
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