Lambda, an AI cloud company that buys computing chips and rents them out to businesses, has raised $1 billion in private, short-dated debt to buy Nvidia’s AI chips that it will lease to Microsoft, Bloomberg reports. The terms of the deal, which Bloomberg says was arranged by JP Morgan Chase, signal that Lambda is betting
Spur Intelligence, a Lake Mary, Florida-based cybersecurity startup, has raised a $200 million round led by Insight Partners. Spur, founded by two former Department of Defense engineers in 2017, five years before the public launch of ChatGPT, was prescient. The startup’s technology helps companies distinguish legitimate human users from increasingly hidden bot traffic to help
“Chrysalis” has secured a theatrical distribution deal in Vietnam through CJ CGV Vietnam, the country’s leading multiplex operator and distributor, with a nationwide release scheduled for September 11. The film will be released locally as “Mãi Nợ Một Lời Tạm Biệt,” translated into English as “The Farewell I Never Gave.” The international title remains “Chrysalis”.
Artificial intelligence has a huge appetite for electricity and South Australia is stepping up to feed the beast. ASX-listed clean energy company 1414 Degrees has just announced a major deal to build a massive AI data center campus near Port Augusta. The company has signed a master agreement with an Australian data center operator to
Italian director Dario Albertini’s family drama “Armony” is distributed in Switzerland through Xenix Filmdistribution ahead of its world premiere in the Piazza Grande section of the Locarno Film Festival. Sold internationally by True Colours, “Armony” is produced by Fremantle company The Apartment, Damocle and Rai Cinema in association with HBO Max. It stars Valerio Mastandrea,