"Morgan Stanley has been struggling to place a roughly $300 million bond backed by loans it made to help finance a data center project in Kansas City dubbed “Project Blitz” operated by Lambda, the debt fund managers said. Lambda is a “neocloud” startup, like Coreweave, that uses borrowed money to buy chips and rent their computational power to AI developers. Morgan Stanley has found few takers for the Project Blitz bonds despite roughly doubling the yield they will pay, the debt fund managers said."