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Nvidia-backed Lambda raises $1 billion in private debt for Microsoft chip deal

Nvidia-backed Lambda raises $1 billion in private debt for Microsoft chip deal

The short-dated financing will fund Nvidia GPUs that Lambda plans to lease to Microsoft for AI infrastructure.

By Editorial Team
Edited by Estefano Gomez

1 min read

In Technology

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Lambda, an AI cloud-computing provider backed by Nvidia, has raised about $1 billion in short-dated private debt to finance graphics-processing units tied to its collaboration with Microsoft, Bloomberg reported.

JPMorgan arranged the transaction, which was marketed to private-placement investors, according to people familiar with the matter. The debt will fund Nvidia GPUs that Lambda will lease to Microsoft.

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Lambda agreed last year to deploy AI infrastructure powered by tens of thousands of Nvidia GPUs for Microsoft. The new financing follows a separate $926 million loan completed earlier this month for GPU purchases and installation.

Lambda rents access to computing chips and AI infrastructure. Bloomberg reported that the company is also discussing a funding round of as much as $3 billion that could support a public listing next year.

Technology companies and banks have raised more than $400 billion of debt globally in 2026 to fund AI infrastructure, according to Bloomberg-compiled data.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

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