Lambda

Lambda runs a GPU cloud for AI training and inference. NVIDIA is both an investor and its largest customer, renting back GPUs it sold.

PrivateSan Jose, California, United StatesClouds & neoclouds

Money loops

Lambda → NVIDIA → Lambda

Buys from

Buys from NVIDIA · $917M
Lambda raised a $917M loan to buy NVIDIA GPUs that it leases straight back to NVIDIA.
reported · Aug 2026 · leveraged loan used to buy the GPUs · AI Weekly

Money

NVIDIA leases back GPUs from Lambda · $1.5B
NVIDIA rents back about 18,000 of its own GPUs from Lambda, making it Lambda's largest customer.
reported · Sep 2025 · about 18,000 GPUs over four years · AI Weekly
NVIDIA invests in Lambda
NVIDIA has joined this neocloud's funding rounds (one of 23 neocloud rounds since 2022).
reported · 2026 · New Market Pitch

Sources

Lambda taps $917M leveraged loan to fund Nvidia chip lease AI Weekly, read Nov 12, 2026

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