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An Nvidia-backed data centre firm scraps IPO plans, reportedly as AI valuation concerns deepen. The company’s name, the figures and its own reason remain unconfirmed.
The reported Lambda $4 billion raise IPO plan carries a $14.5 billion pre-money price, but revenue, round type and use of proceeds are unstated.
Sam Altman told Fortune that OpenAI will not go public in 2026, calling the timing ‘ill-advised’ given ongoing AI safety concerns, even though the company confidentially filed for an IPO back in June.