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681 Nvidia Quietly Boosts a Cloud Ally with $1.5 Billion Deal to Rent its Own AI Chips

The Information
Natasha Mascarenhas @ The Information · 09/04/2025 15:49 EDT

Nvidia Quietly Boosts a Cloud Ally with $1.5 Billion Deal to Rent its Own AI Chips

A small cloud provider for artificial intelligence that’s preparing to go public has secured a major boost from its most important supplier: Nvidia.

The chip giant agreed this summer to rent 10,000 of its own AI chips from the cloud firm, Lambda, for $1.3 billion over four years, and a separate $200 million deal to rent 8,000 more Nvidia chips over an unspecified time frame, according to a person with direct knowledge of the deals. The contracts position Nvidia as Lambda’s biggest customer ahead of the fir

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