Cloud company Lambda received a loan using its NVIDIA GPUs as collateral, making it a hot topic. The loan amount amounts to a whopping $500 million (about 650 billion won).

Reuters reported on the 4th (local time) that Lambda decided to borrow $500 million from lenders similar to Macquarie Group and Industrial Development Funding using Nvidia GPUs as collateral.

This is taken into account a special case wherein special tangible assets aside from real estate or factories were used to boost funds. Amid the AI ​​craze, the value of 'H100' has risen as a result of a shortage, and GPU has change into a precious asset to the purpose where it’s recognized as collateral.

The loan funds will likely be used to buy the newest Blackwell GPUs, including the 'H200' GPU, in addition to the 'B200' and 'GB200'. Lambda said it’ll use the funds to “dramatically expand its GPU cloud with NVIDIA H100.”

Lambda is a representative company that has ridden the generative AI boom due to the total support of NVIDIA. Lambda is certainly one of the startups that NVIDIA is providing GPUs to as a result of the GPU shortage.

Nvidia said last November that Lambda can be certainly one of the primary cloud providers to supply access to the H200 chip.

Because of this, it is understood to have a bonus in competition with cloud providers similar to Microsoft, Amazon, and Google.

Meanwhile, Lambda became a unicorn last February by raising $320 million (about 430 billion won) in an investment round led by US Revolutionary Technology.

Reporter Park Chan cpark@aitimes.com