AMI’s Nvidia chip bet; Groww’s new growth play

AI infrastructure firm AMI, promoted by Greenko founders, has ordered 9,000 Nvidia Vera Rubin chips, making it one of the first adopters in Asia. The chips, unveiled in January, are the most advanced from Nvidia and can deliver up to 10 times more agent throughput than Blackwell, costing 40-80% more.

This order positions AMI among Asia's first customers for the Rubin chips, which can deliver up to 10 times more agent throughput than Blackwell and cost 40-80% more. Hyderabad's project marks the first step towards AMI's planned 1 gigawatt (GW) compute-as-a-service capacity, aiming to deploy 200 megawatts over the next 18 months, followed by servers in India, Malaysia, Finland, and the US in 2028. This investment is expected to build 5GW of global data center capacity at a capital expenditure of $8 billion.

The availability of Rubin chips is limited due to strong demand from data centers and hyperscalers like Amazon, Google, and Microsoft for AI model training, leading to multiyear backlogs. AMI's CEO, Mahesh Kolli, believes that the Rubin chips will provide AMI with the necessary visibility, credibility, and capability to operate one of the world's most advanced AI architectures by Q1 2027.

Meanwhile, Groww, the parent company of Billionbrains Garage Ventures, has announced that technology, wealth management, and artificial intelligence (AI) will be its immediate priorities at its first annual general meeting since listing. CEO Lalit Keshre stated that the company will continue investing in its technology platform over the next three to four years, focusing on technology infrastructure, cloud capacity, cybersecurity, and data systems.

Additionally, Groww plans to use AI to personalize the app, handle account-specific service queries, and accelerate product development.