Davos [Switzerland], January 20 (ANI): AM Group, the leading energy transition platform backed by the founders of Greenko Group, has signed a Memorandum of Understanding (MoU) with the Uttar Pradesh government
to build a massive Artificial Intelligence (AI) compute hub in Greater Noida. The project, announced at the World Economic Forum 2026 in Davos, involves a total investment of approximately USD 25 billion. This hub is designed to handle global AI workloads and will be one of the largest investments in India’s digital infrastructure to date. The project will be built in stages, with the first part expected to be ready by 2028. By 2030, the facility is planned to reach its full capacity of 1 gigawatt. The hub will house around 500,000 advanced high-performance chipsets. It is intended to support global tech companies, research labs, and India’s own national AI goals by providing the massive computing power needed for modern technology. A key feature of the new centre is its focus on sustainability. The facility will run on 24/7 carbon-free energy, using a mix of solar, wind, and pumped storage power. This aligns with the state’s goal to become a leader in the AI industry while maintaining a commitment to green energy. The project is also expected to create thousands of high-skilled jobs and attract further investment into the region. “Evolution of global AI ecosystem with intentionality, intelligence and adaptability will be a pivotal tool for current & future generations. AMG AI labs focus on valorising electron agents into intelligent tokens is a natural extension of our technology-first approach to our businesses as the global AI ecosystem races towards Physical AI Solutions,” said Anil Chalamalasetty, Group Chairman, AM Group. “By combining 1 GW of compute capacity with our 24/7 green power solutions, we are not just building a data centre; we are creating a sustainable template for the future of global AI infrastructure with the support of the state of Uttar Pradesh,” added Mahesh Kolli, Group President, AM Group. (ANI)
