Sources: Nvidia-backed neocloud Lambda is in talks to raise up to $3B at a $12B+ valuation; its revenue this year is estimated to reach $1.5B+ (Bloomberg)

Lambda, backed by Nvidia, is negotiating a funding round of up to $3 billion that would value the AI startup at more than $12 billion and project 2024 revenue above $1.5 billion. Apple launched a Mac Studio with M5 Max/Ultra chips, up to 4.3× faster AI performance, 512 GB unified memory, starting at $2,499, and a Mac mini featuring a 2 nm M6 chip (12-core CPU/GPU, 32 GB memory) and an M5 Pro variant priced $899–$1,699. OpenAI reinstated a five-hour usage cap for ChatGPT Plus users after a period of unrestricted access.