Lambda, a GPU cloud startup, has successfully secured $500 million in debt financing to expand its On-Demand GPU Cloud. The financing, which uses Nvidia ($NVDA) chips as collateral, aims to fund GPUs for hundreds of thousands of developers with No Contract Required. This move is designed to support the 'gpu poor' by providing access to new technologies through innovative systems of finance. The expansion will feature Nvidia's H100 GPUs, indicating a significant investment in high-quality hardware to support AI development.