AI cloud service provider Lambda reaches pre-IPO funding of up to $3 billion

BlockBeats News, August 25th, according to Bloomberg, Lambda is an AI cloud computing service provider backed by NVIDIA. According to sources familiar with the matter, the company is in talks for a financing round of up to $30 billion, which could pave the way for its IPO next year.

As one of the "neocloud" companies that provide chip and other AI infrastructure leasing services, Lambda has discussed raising funds at a valuation of up to around $120 billion or even higher. Since the relevant discussions have not been made public yet, the above-mentioned sources requested anonymity.

Sources say that the current financing negotiations are still ongoing, and the final terms of the deal have not been determined.