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The Nvidia backed startup that provides AI cloud infrastructure is negotiating terms for a new capital raise. Lambda is in talks to raise as much as $3 billion in a round that would value the company at $12 billion to scale its GPU capacity and meet the surge in artificial intelligence workloads.
The investment could prepare the company to launch an initial public offering next year. Known as a neocloud provider, Lambda offers specialized cloud computing resources to developers and enterprises requiring high-performance hardware.
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