Lambda Inc., an AI cloud-computing provider backed by Nvidia Corp., is in talks to raise as much as $3 billion at a valuation of up to $12 billion or more, a round that could set the stage for an init…
Jane Street posted roughly $15 billion of losses in July, its first monthly slump in about a decade, as AI-focused hedge fund Situational Awareness swooned and dragged down asset prices across equity …
Lambda Inc., an AI cloud-computing provider backed by Nvidia Corp., completed a $926 million leveraged-loan deal to finance the purchase and installation of graphics processing units and other infrast…
CoreWeave Inc. shares jumped more than 14% in extended trading after the artificial intelligence data center firm reported a second-quarter loss before certain costs such as stock compensation of $1.0…
Lambda Inc., an AI cloud-computing provider backed by Nvidia Corp., is selling a $917 million leveraged loan to finance the purchase and installation of GPUs and other infrastructure under a contract …
The cost of protecting tech firms' debt against default is surging as Wall Street picks winners and losers in the AI race, with Oracle Corp.'s credit-default swaps reaching a multi-year high of 215 ba…
Goldman Sachs Group Inc. and JPMorgan Chase & Co. launched products this week allowing investors to trade baskets of AI-related high-yield bonds, with Goldman offering a basket of 18 equal-weighted US…
Galaxy Digital Inc. plans to raise about $3.5 billion from a debut junk-bond sale to fund a data center tied to CoreWeave Inc., extending AI financing into riskier corners of the US credit market. Pro…
Nvidia Corp. revealed performance benchmarks for its next-generation Vera Rubin platform, showing a 10x improvement in tokens per watt on DeepSeek's R1 model compared to the previous GB200 NVL72 syste…
Wall Street banks are turning to US leveraged loans to finance the AI buildout, with QTS Realty Trust LLC, a Blackstone Inc. unit, tripling a proposed loan to $3.25 billion and scrapping a $1 billion …
Meta Platforms Inc. has committed an additional $40 billion to its Louisiana data center campus, pushing total expected investment beyond $250 billion as it expands its AI computing footprint. The pro…