Lambda, which rents access to AI chips, raised a $1.5B Series E led by TWG Global, after raising $500M in April 2024, taking its total funding to $2.3B (Belle Lin/Wall Street Journal)

• Lambda has raised $1.5 billion in a Series E funding round led by TWG Global, following a $500 million raise in April 2024, bringing total funding to $2.3 billion. This capital will support the company's plans to establish its own data centers amid a booming AI infrastructure market.
• This significant funding underscores the increasing investor confidence in Lambda's business model and the ongoing demand for AI technologies, positioning the company for future growth and expansion in a competitive landscape.

— via World Pulse Now AI Editorial System