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Nvidia Cloud Ally Nears $300 Million Financing
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Lambda Labs, which competes with Amazon Web Services in renting out servers with Nvidia chips to developers of artificial intelligence, is nearing a $300 million equity financing, according to two people with direct knowledge of the matter. An investment fund led by billionaire Thomas Tull plans to fund a substantial part of the round, one of these people said.
As demand for Nvidia’s AI chips chips has skyrocketed this year, revenue at startups such as Lambda has boomed, attracting interest …
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