AI startup AM Intelligence seeks $3 billion to fund Nvidia chip order

AI firm AM Intelligence has launched a $3 billion financing drive to pay for a large order of Nvidia graphics chips. The company was set up by the founders of renewable‑energy producer Greenko Group Plc. The funding package may include a mix of bonds and bank loans, although the exact split is still being finalised. AM Intelligence also expects to receive an advance payment of $300 million from potential offtakers of its AI services. The advance would help reduce the upfront cash needed for the chip purchase. Sources said the firm is negotiating with several banks and institutional investors for the debt component. The bond option could be issued in domestic or foreign markets, while loan terms are yet to be confirmed. Offtakers are firms that plan to use the AI compute power once the hardware is in place, and their $300 million pledge signals confidence in the startup’s business model. By securing this financing, AM Intelligence aims to scale its AI platform quickly and compete with larger players that already run Nvidia‑based clusters. The move reflects growing demand for high‑performance AI hardware in India’s tech sector.

Context

Large AI projects often need huge upfront spending on specialised chips, so companies raise debt or equity to cover costs before revenue starts flowing.