AM Intelligence Seeks $3 Billion for Nvidia Rubin Chips

AM Intelligence Labs plans to raise up to $3 billion through bonds and bank loans to buy Rubin graphics processors from NVIDIA, Bloomberg reported, according to CNBC. The Hyderabad based company, owned by the founders of Indian renewable energy firm Greenko, says it is among the largest committed buyers of Rubin GPUs outside North America. The split between bonds and loans is not final, and it also expects $300 million in advance payments from prospective customers.

AM Intelligence plans to invest $6 billion in 100 megawatts of computing capacity across centers in India and Malaysia. The centers will use 29,000 Rubin chips.

The company also plans to add 300 megawatts of capacity within 15 months through an investment of more than $20 billion. It expects to operate 400 megawatts of computing capacity within two years.