AM Group Signs MoU with Uttar Pradesh to Build 1 GW AI Compute Hub

AM Group, backed by Greenko founders, has signed a Memorandum of Understanding with the Uttar Pradesh government to establish a 1 gigawatt AI compute hub in Greater Noida. With an estimated investment of around USD 25 billion, the phased project aims for initial capacity by 2028 and full operation by 2030. The facility will house approximately 500,000 high-performance chipsets, powered by 24/7 carbon-free energy, supporting global AI workloads and India's sovereign AI initiatives, aligning with the Viksit Bharat 2047 vision.