Wall Street Journal · Robbie Whelan ·

AI neocloud Lambda is raising up to $4B led by Blackstone and Coatue at a pre-money valuation of $14.5B in a final round before its planned IPO

Blackstone and Coatue are leading the round, which values the cloud-computing startup at $14.5 billion pre-money

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AI neocloud Lambda is raising up to $4B led by Blackstone and Coatue at a pre-money valuation of $14.5B in a final round before its planned IPO

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Wall Street Journal — AI neocloud Lambda is raising up to $4B led by Blackstone and Coatue at a pre-money valuation of $14.5B in a final round before its planned IPO ↗

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Forbes: Neocloud Fluidstack closed a $1.5B round led by Jane Street at an $18B+ valuation; in July, the startup announced a $750M round at a $7.5B valuation

Wall Street Journal: Z.ai says it plans to raise $5B+ via equity and debt to fund its AI investments, including ~$2B through a share placement, after raising $4B in July

Bloomberg: AI cloud computing provider Lambda raised ~$1B of private short-dated debt to finance the purchase of Nvidia GPUs, which will be leased by Microsoft

The Information: AI assistant Instinct seeks to raise $1B at a $10B valuation, up from $2.25B less than a month ago; Sequoia and Benchmark are in talks to lead the round

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