Core Viewpoint - Lambda, a cloud computing company providing hardware and services for large-scale AI enterprises and labs, is preparing for an initial public offering (IPO) sometime next year, potentially completing it in the first half of 2026 [1][2]. Group 1: IPO Preparation - Lambda has engaged JPMorgan, Morgan Stanley, and Citigroup to assist with its IPO process [1]. - The company raised $480 million in a Series D funding round earlier this year, led by Andra Capital and SGW, with participation from notable investors including ARK Invest and NVIDIA [1]. Group 2: Business Operations - Lambda offers access to NVIDIA clusters and recently launched NVIDIA's SHARP protocol in its multi-tenant environment to reduce communication latency and enhance bandwidth efficiency, thereby accelerating distributed AI workload training [1]. - NVIDIA is not only a supporter and supplier for Lambda but also a customer, agreeing to rent 10,000 self-developed AI chips from Lambda for $1.3 billion over four years [2]. Group 3: Competitive Landscape - Lambda, founded in 2012, is competing with CoreWeave, which is set to go public in March 2025. CoreWeave's stock has more than doubled since its IPO [2].

Group 1 - Lambda, a cloud computing company providing hardware and services for AI enterprises, is preparing for an initial public offering (IPO) possibly in the first half of 2026 [1] - The company has hired JPMorgan, Morgan Stanley, and Citigroup to assist with the IPO process [1] - Earlier this year, Lambda raised $480 million in a Series D funding round led by Andra Capital and SGW, with participation from notable investors including NVIDIA [1] Group 2 - Lambda offers access to NVIDIA clusters and recently launched NVIDIA's SHARP protocol in its multi-tenant environment to enhance bandwidth efficiency and reduce communication latency [1] - NVIDIA is both a supporter and customer of Lambda, agreeing to rent 10,000 self-developed AI chips for $1.3 billion over four years [1] - Lambda competes with CoreWeave, which went public in March 2025 and has seen its stock price more than double since the IPO [2]