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

Cloud computing startup Lambda announced on Monday a multibillion-dollar deal with Microsoft for artificial intelligence infrastructure powered by tens of thousands of Nvidia chips.The agreement comes as Lambda benefits from surging consumer demand for AI-powered services, including AI chatbots and assistants, CEO Stephen Balaban told CNBC's "Money Movers" on Monday."We're in the middle of probably the largest technology buildout that we've ever seen," Balaban said. "The industry is going really...

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