Indian AI company AM Intelligence seeks $3 billion in financing to order Nvidia chips
Indian AI infrastructure company AM Intelligence plans to raise up to $3 billion to purchase the next-generation Nvidia chips it previously announced it would procure, and expects to receive $300 million in advance payments from potential customers. In August, the company ordered Nvidia Vera Rubin chips as part of an $8 billion project, which is part of its 1GW computing facility construction plan; the Hyderabad facility is planned to run trillion-parameter AI models and next-generation AI agent applications.
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Indian AI company AM Intelligence seeks $3 billion in financing to order Nvidia chips
2026-10-30 15:48 IT Home - Qingyuan
IT Home, October 30 news: This morning (the 30th), according to Bloomberg citing people familiar with the matter, Indian AI infrastructure company AM Intelligence plans to raise up to $3 billion (IT Home note: approximately 20.031 billion yuan at current exchange rates) to purchase the next-generation Nvidia chips it previously announced it would procure. The scale of corporate borrowing driven by the AI boom continues to expand.
AM Intelligence was founded by the founder of Indian renewable energy company Greenko Group. People familiar with the matter revealed that the company is considering raising funds through bond issuance, bank loans, and other methods.
The proportion of each financing method has not yet been determined, and the company also expects to receive $300 million (approximately 2.003 billion yuan at current exchange rates) in advance payments from potential customers. It is reported that the financing negotiations are still at an early stage, and the specific terms may be adjusted.
As Asia and other regions step up the construction of AI infrastructure, companies often need to raise billions of dollars to procure the latest generation of processors, and financing methods are becoming increasingly complex. In addition to traditional bank loans, developers are also bringing in private capital and requiring customers to commit to payment in advance, combining multiple financing methods.
According to data compiled by Bloomberg, in less than two years, global companies have borrowed more than $650 billion (approximately 4.34 trillion yuan at current exchange rates) due to the AI boom.
AM Intelligence announced in August that it had ordered Nvidia Vera Rubin chips as part of an $8 billion (approximately 53.415 billion yuan at current exchange rates) project, hoping to become one of the first companies in Asia to use the chips.
The project is part of the company's plan to build 1GW of computing facilities. AM Intelligence's facility in Hyderabad is planned to run trillion-parameter AI models and next-generation AI agent applications.
A report released by KPMG in July predicts that by fiscal year 2035, India's data center industry chain is expected to generate investment opportunities of about $90 billion (approximately 600.917 billion yuan at current exchange rates). In addition to expanding the scale of data centers, supporting infrastructure and services will also bring investment opportunities.