AI Cloud Provider Lambda Prices Loan for Nvidia-Tied Chip Deal

Lambda Inc., an AI cloud-computing provider backed by Nvidia Corp., wrapped up a $926 million leveraged-loan deal as that market becomes a new front in the borrowing binge to finance...

By Jeannine Amodeo · Bloomberg Markets

Lambda Inc., an AI cloud-computing provider backed by Nvidia Corp., wrapped up a $926 million leveraged-loan deal as that market becomes a new front in the borrowing binge to finance the artificial intelligence buildout.