Microsoft, Lambda Forge Multibillion AI Pact Using Nvidia Chips

Benzinga

Lambda signed a multibillion-dollar deal with Microsoft to expand AI infrastructure powered by tens of thousands of Nvidia chips. CEO Stephen Balaban said the partnership builds on their 2018 collaboration as Lambda scales to meet soaring AI demand and plans to open an AI factory in Kansas City by 2026.

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00:00It's Benzinga, bringing Wall Street to Main Street.

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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