Lambda has raised about $1B of private short-dated debt arranged by JPMorgan to buy Nvidia GPUs that Microsoft will lease, according to Bloomberg. The same structure funds Nebius, which borrowed $775M ...

Lambda, an AI cloud company that buys computing chips and rents them out to businesses, has raised $1 billion in private, short-dated debt to buy Nvidia’s AI chips that it will lease to Microsoft, ...

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Lambda is in talks to raise up to $3bn in pre-IPO financing at a valuation of $12bn or more, according to Bloomberg, as the Nvidia-backed cloud provider prepares for a listing expected next year. The ...

Manila’s Foreign Secretary Maria Theresa Lazaro made the pitch during visits to Brazil and Chile from August 10 to 13. “Upon this human foundation, commercial bridges thrive: the Philippines stands as ...

Eli Lilly has turned to one of its Gateway Labs residents to help the Big Pharma develop trans-amplifying RNA (taRNA) vaccines for infectious diseases. The collaboration—for which financial details ...

ChatGPT and other artificial intelligence assistants have billions of users — but data on how people are really using the tools is sparse and fragmented. It’s one reason why researchers launched the ...

A landmark $18 billion settlement will force Meta to implement a suite of changes that will shift how teens use Instagram and Facebook. The new measures, which include screen time limits and a default ...