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Published August 28, 2026 at 8:24 PM

TechCrunch

Aug 29, 2026, 6:00 AM

Neocloud Lambda secures $1B in debt to buy more chips

Neocloud Lambda secures $1B in debt to buy more chips

Neocloud Lambda has raised $1B in private debt to buy Nvidia AI chips and lease them to Microsoft. It's the latest in a string of loans, underscoring the high cost of the AI boom.

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Canonical URL for this story: https://techcrunch.com/2026/08/28/neocloud-lambda-secures-1b-in-debt-to-buy-more-chips/