Lambda, an AI cloud company, secured $1 billion in private short-term debt to purchase Nvidia AI chips, which it will lease to Microsoft. This move is part of Lambda's strategy to quickly deploy chips and generate revenue to repay the debt. The company has been actively raising loans to fund GPU infrastructure, including a $1 billion credit facility in May and a $926 million loan for Nvidia GB300 GPUs. Lambda is also reportedly negotiating a $3 billion pre-IPO funding round, following a $1.5 billion venture capital raise last year. This reflects a broader trend of heavy debt financing in the AI sector, with over $400 billion raised globally in AI-related debt in 2026 so far.
The social media platform X revealed a probe uncovering a bot farm of around 200,000 suspected Chinese accounts, with 200 actively posting to sway debates on US artificial intelligence and energy policies. These accounts spread claims that AI data ce...
Meta agreed to an $18 billion settlement with 29 states over lawsuits related to minors' access to its social networks. Following the settlement, Meta called on TikTok and YouTube to adopt industry-wide standards for teen users, such as daily time li...
Broadcom is expected to face significant downside risk in the near term before its Q3 earnings report because Nvidia's recent strong results have set very high expectations. Even if Broadcom beats earnings estimates, it might still disappoint investo...
Jim Cramer reversed his recent skepticism on Nvidia after the company reported strong Q2 fiscal 2027 results, highlighting that the era of low-profit chip buying is over and huge profits have begun. He praised Nvidia's diversification of customers be...
Amazon shares rose 4% after announcing a major expansion of its GPU deal with NVIDIA to deploy 2 million additional GPUs for AI and robotics workloads, signaling strong AWS growth. Despite supplying the chips, NVIDIA's stock fell 4% due to a broader ...
