AI infrastructure race heats up: CoreWeave's competitor Lambda launches IPO plan.

Lambda, a cloud computing company that provides hardware and services for super-scale AI enterprises, labs, and businesses, is preparing to conduct its first public offering next year. The AI infrastructure company has hired J.P. Morgan, Morgan Stanley, and Citigroup to assist with its listing, which is expected to be completed in the first half of 2026. Earlier this year, Lambda raised $480 million in a Series D financing round led by Andra Capital and SGW, with participation from investors including Andreessen Horowitz, ARK Invest, Fincadia Advisors, G Squared, In-Q-Tel, KHK & Partners, and NVIDIA Corporation. The funds will be used to help the company expand its cloud platform. Lambda offers customers access to NVIDIA Corporation's cluster. The company recently introduced NVIDIA Corporation's SHARP (Scalable Hierarchical Aggregation and Reduction Protocol) in its multi-tenant 1CC environment, aimed at reducing communication latency and improving bandwidth efficiency to directly accelerate the training speed of distributed AI workloads. NVIDIA Corporation is not only a supporter and supplier of Lambda but also a customer. According to The Information, NVIDIA Corporation has agreed to lease 10,000 self-developed AI chips to Lambda for $1.3 billion over four years. Lambda's customers also include other "Big Seven" members of the US stock market, such as Amazon.com, Inc. and Microsoft Corporation. Founded in 2012, Lambda competes with CoreWeave (CRWV.US), which went public in March 2025. CoreWeave's stock price has more than doubled since its listing.