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2 stories taggedJ.P. Morgan.

Illustration: Rows of glowing server racks inside a large modern data centre
AI Business

Lambda Borrows $1 Billion to Buy Nvidia Chips, Then Rents Them to Microsoft

The AI cloud company is using short-term debt to fund a chip-leasing deal with one of the world's biggest tech companies. Bloomberg first reported the news, and it tells you a lot about how the AI buildout is actually being paid for.

3 min read
A glass-walled open-plan office at night, bathed in cool blue light from multiple large monitors showing abstract data visualisations and flowing code
AI Business

Asian Tech Stocks Slide as SK Hynix Drops Nearly 10% on AI Spending Fears

A sharp sell-off swept through Asian chip and tech stocks on Thursday, but analysts say the underlying AI investment story has not changed.

3 min read
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