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Neocloud Lambda secures $1B in debt to buy more chips

Neocloud Lambda has raised $1B in private debt to buy Nvidia AI chips and lease them to Microsoft. It’s the latest in a string of loans, underscoring the high cost of the AI boom.

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Sophia Bendz, general partner at Cherry Ventures, stopped by Equity to break down the latest in the Swedish tech ecosystem.

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There’s a lot of capital pouring into the business of giving models away.

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