What's happening?
Nvidia-backed AI infrastructure company Lambda is raising up to $4 billion ahead of a planned 2027 IPO. The round is being raised at a $14.5 billion pre-money valuation.
Who's involved?
The round is led by Coatue and Blackstone. Nvidia's backing highlights the intense interest in AI compute infrastructure.
Why it matters
Lambda provides compute infrastructure for training and running AI models. Deals like this show how critical chip and data center capacity have become in the AI race.
