Nvidia (NVDA) reached an agreement this summer to rent 10,000 of its artificial intelligence chips from cloud provider Lambda for $1.3B over four years, and a separate $200M deal to rent 8,000 more chips over an unspecified timeframe, The Information reports, citing a person with direct knowledge of the deals. Nvidia is now Lambda’s biggest customer ahead of the company’s initial public offering, according to the website, which adds that Lambda’s business and concentrated customer base resembles CoreWeave (CRWV).
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