AM Intelligence Seeks $3 Billion Debt Financing for Nvidia Rubin GPUs
An artificial intelligence infrastructure firm in India is working to raise up to $3 billion in debt through a mix of bond issues and bank loans to purchase Nvidia Corp’s next-generation Rubin graphics processing units, Bloomberg reported on Friday. AM Intelligence, based in Hyderabad, plans to split the financing between bonds and bank loans, though the exact ratio remains unfinalized. The firm also expects to secure $300 million in advance payments from potential customers.
The Hyderabad-based company is owned by the founders of Greenko, a leading Indian renewable energy firm. On Oct. 5, AM Intelligence announced a $6 billion investment plan to establish 100 megawatts of computing power split across data centers in India and Malaysia. To power that capacity, the firm intends to buy 29,000 Nvidia Rubin chips. Beyond the initial rollout, the company aims to bring an additional 300 megawatts of capacity to the market over the next 15 months, requiring an investment exceeding $20 billion.
Neocloud Expansion and Market Strategy in India
AM Intelligence operates within an expanding sector of AI infrastructure companies in India that are offering computing-as-a-service. Mumbai-based Yotta Data Services announced earlier this year that it intends to invest $2 billion to build an artificial intelligence hub utilizing Nvidia’s Blackwell Ultra GPUs.
Five weeks ago our partner AM Intelligence announced 9,000 NVIDIA Rubin GPUs for its first AI factory in Hyderabad. Today AMI placed two more firm and binding orders: 20,000 additional Rubin GPUs, deployed as Vera Rubin NVL72 rack-scale systems across India and Malaysia. That… https://t.co/3QQDa9RCKx
Traditional energy companies in India are increasingly transitioning into neocloud operators by constructing data centers to lease computing power to hyperscalers, according to Neil Shah, vice president at market intelligence firm Counterpoint Research. Shah identified the Adani Group, Reliance, and Tata Power as some of the key examples of this industrial shift.
Nvidia’s Rubin GPUs are specifically tailored for agentic AI workloads. Shah noted that these chips will grant AM Intelligence a first-mover advantage in India as enterprises shift their primary focus toward running low-latency production agents rather than relying solely on raw foundational model training supported by Blackwell Ultra GPUs.
Global Infrastructure Rollout and Unresolved Inquiries
AM Intelligence is currently developing 5 gigawatts of AI data centers and 1 gigawatt of compute-as-a-service capacity spread across India, the United States, and Europe, a company spokesperson stated in a note. The firm aims to establish 400 megawatts of compute capacity within two years.
Despite these expansion plans, AM Intelligence did not respond to CNBC’s request for comment regarding its financing strategy. The company has asserted that it ranks among the largest committed buyers of Rubin GPUs outside of North America.
Frequently Asked Questions About the AM Intelligence Debt Raising
What specific purpose does the $3 billion debt financing serve?
AM Intelligence plans to use the bond issues and bank loans to fund the purchase of Nvidia’s next-generation Rubin graphics processing units.
Who owns AM Intelligence?
The AI infrastructure firm is owned by the founders of Greenko, a leading Indian renewable energy company.
How much total computing power does the firm plan to deploy?
AM Intelligence is developing 5 gigawatts of AI data centers and 1 gigawatt of compute-as-a-service across India, the U.S., and Europe, aiming for 400 megawatts of compute capacity within two years.