India-based AM Intelligence seeks $3 billion in debt to acquire Nvidia's next-gen chips
Hyderabad-based AM Intelligence plans to secure up to $3 billion in debt financing to purchase Nvidia's next-generation Rubin graphics processing units. The company aims to use these chips to expand the capacity of its artificial intelligence data centers in India and Malaysia.
AM Intelligence, an artificial intelligence infrastructure firm based in Hyderabad, India, is preparing to borrow up to $3 billion to purchase Nvidia's next-generation Rubin graphics processing units (GPUs).
According to information reported by Bloomberg, the company plans to secure financing through bond issuances and bank loans. While the details of the borrowing have not yet been finalized, the firm expects to receive a $300 million advance payment from potential buyers.
Claiming to be one of the largest buyers of Rubin GPUs outside of North America, AM Intelligence aims to invest $6 billion to establish a total computing capacity of 100 megawatts (MW) in India and Malaysia. It is planned to purchase 29,000 Nvidia Rubin chips for this capacity.
The company has a target to build an additional 300 MW of capacity within the next 15 months with an investment exceeding $20 billion. Furthermore, the firm continues its efforts to develop 5 gigawatts (GW) of AI data centers and 1 GW of 'compute-as-a-service' infrastructure across India, the US, and Europe.
Sources
- cnbc.com · Link