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00:02Lambda announced a multi-billion dollar deal with Microsoft to expand artificial intelligence
00:06infrastructure using tens of thousands of NVIDIA chips, according to CNBC.
00:10Lambda CEO Stephen Balaban said the company is capitalizing on record AI demand, as consumers
00:15increasingly adapt tools like ChatGBT and Cloud. Balaban said the deal extends Lambda and Microsoft's
00:21partnership that began in 2018, though no dollar amount was disclosed. Founded in 2012,
00:26Lambda provides cloud and software services for training and deploying AI models to over 200,000
00:31developers. The company is also building its own data centers and plans to open an AI factory in
00:36Kansas City in 2026. For all things money, visit benzinga.com.
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