Lambda is borrowing $917m to buy chips from the company that invests in it

Lambda is selling a $917 million leveraged loan to finance a chip purchase, Bloomberg reported on Monday. Jeannine Amodeo, Paula Seligson and Gowri Gurumurthy broke the story. The money pays for GPUs and other infrastructure as part of a contract with Nvidia, according to a person with knowledge of the matter. Morgan Stanley leads the […]

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