Neocloud Lambda has raised $1B in private debt to buy Nvidia AI chips and lease them to Microsoft. It's the latest in a string of loans, underscoring the high cost of the AI boom.
Zoph, who co-founded Thinking Machines Lab alongside Mira Murati and also served as the startup's CTO, led a brief stint at OpenAI and is now at Google.
The event is expected to be a notable one, as Apple is rumored to unveil its long-awaited foldable iPhone. It'll also be the first Apple event with John Ternus as CEO, who is scheduled to take the reins of the tech giant from Tim Cook on September 1.