Neocloud Lambda secures $1B in debt to buy more chips

# AI Chip Shortage Drives Billion-Dollar Borrowing Spree A company called Neocloud Lambda borrowed $1 billion to buy specialized computer chips that power AI systems, then rents them out to tech giants like Microsoft. This deal shows just how expensive it's become to build and run AI services—the demand for these chips vastly outpaces supply, so companies are taking on massive debt just to get their hands on them. Ultimately, those costs get passed along to businesses and consumers using AI tools.