AM Intelligence seeks up to $3 billion for Nvidia chip purchase, Bloomberg reports

Indian AI-infrastructure company AM Intelligence is seeking as much as $3 billion to finance a previously announced purchase of Nvidia chips, Bloomberg reported, citing people familiar with the matter. The package could include bonds and bank loans. Talks are at an early stage and terms could change; this is not a completed financing round. The report says the company also expects $300 million in advance payments from potential customers, while the mix of financing options remains undecided. AM Intelligence declined to comment and Nvidia did not respond to Bloomberg’s request for comment. Founded by the founders of renewable-energy producer Greenko, AM Intelligence said in August that it had ordered Vera Rubin chips under an $8 billion project, part of a broader plan for one gigawatt of computing capacity. Its Hyderabad facility is intended to run large AI models. These chips supply the computing power used to train and run AI systems; the new report concerns how the earlier order may be financed, not a fresh order or capacity already in operation.

DTT summary based on Bloomberg via Business Standard's report. The full article is on the publisher's site.