Lambda has secured a $500 million loan from lenders including Macquarie Group with Nvidia's much-coveted chips as collateral, the specialty artificial intelligence cloud provider said on Thursday. Startups addressing the towering need for chips and software that can support AI's complex computing requirements have been luring private investors. Firms across the board have been vying to develop their own generative AI (genAI) offerings as they look to capture a share of the increasingly... Read this story
