In a bid to capitalize on the surging demand for AI computing, Lambda Labs, a Silicon Valley startup, is in discussions to raise an additional $800 million. What Happened: The proposed funding would significantly boost the company’s valuation, placing it among the best-funded startups in Silicon Valley. The surge in demand for computing infrastructure that powers the generative AI boom is driving this move, reported the Financial Times on Saturday. Lambda Labs, based in San Jose, recently secured a $500 million loan using its NVIDIA Corp (NASDAQ:NVDA) chips as collateral. This loan was intende…
