Sources: AI cloud computing provider Lambda raised ~$1B of private short-dated debt to finance the purchase of Nvidia GPUs, which will be leased by Microsoft (Emily Graffeo/Bloomberg)

Lambda raised approximately $1 billion in short-dated private debt to purchase Nvidia GPUs, which will be leased to Microsoft. The funding enables Lambda to expand its AI cloud infrastructure with high-performance hardware. The deal reflects a growing trend of AI firms securing capital to scale GPU capacity for enterprise customers.