Lambda, Microsoft agree to multibillion-dollar AI infrastructure deal with Nvidia chips

Company Overview - Lambda Inc. announced a multibillion-dollar deal with Microsoft for AI infrastructure utilizing tens of thousands of Nvidia chips [1][2] - The specific dollar amount of the deal was not disclosed [3] Industry Insights - The agreement is a response to the increasing consumer demand for AI-powered services, such as chatbots and assistants [2] - CEO Stephen Balaban highlighted that the industry is experiencing significant growth, describing it as "probably the largest technology buildout that we've ever seen" [2] - The partnership between Lambda and Microsoft continues a long-term relationship that dates back to 2018 [2]