Indian AI firm AM Intelligence seeks $3B to fund Nvidia chip order

Indian AI infrastructure firm AM Intelligence is seeking to raise as much as $3 billion to fund a previously announced purchase of Nvidia's next-generation chips, people familiar with the matter said. The move reflects a growing debt binge driven by the AI boom.

• AM Intelligence seeks up to $3B to fund Nvidia chip purchase
• The order covers Nvidia's next-generation chips
• The purchase was announced earlier; financing is now being raised
• Deal highlights rising debt financing in the AI sector