Cloud Provider Lambda Reportedly Preparing for IPO Following CoreWeave's Public Debut

Summary

Lambda, an AI infrastructure company specializing in on-demand GPU cloud services, has reportedly hired bankers to prepare for an initial public offering, according to The Information. The move would make Lambda the second major GPU cloud provider to go public, following rival CoreWeave's IPO in March 2025. Lambda's potential IPO reflects the continued investor appetite for AI infrastructure plays, as demand for GPU compute capacity remains strong across the industry. The company competes in th