AM Intelligence Seeks $3 Billion Debt to Purchase Nvidia Rubin GPUs
Hyderabad-based AM Intelligence is reportedly planning to raise up to $3 billion through bank loans and bond issuances to acquire Nvidia Corp's next-generation Rubin graphics processing units (GPUs). The company aims to establish 100 MW of computing power distributed across data centers in India and Malaysia, representing a total planned investment of $6 billion. As part of its aggressive expansion strategy, AM Intelligence intends to purchase 29,000 Rubin chips and plans to scale capacity by an additional 300 MW over the next 15 months with investments exceeding $20 billion. This move positions the firm within India's growing 'neocloud' sector, where energy companies are pivoting toward providing computing-as-a-service to hyperscalers.