OXMIQ Labs and AM Intelligence Labs Partner to Architect One of the World’s Largest Renewable-Powered AI Compute Platforms

CAMPBELL, Calif. and HYDERABAD, India--(BUSINESS WIRE)--Mar 15, 2026--

OXMIQ Labs (“OXMIQ”), the GPU architecture and AI technology company founded by Raja Koduri, today announced a strategic technology partnership with AM Intelligence Labs, a business division of AM Group, to provide data center and system infrastructure advisory for AM Intelligence Labs' 2 GW AI Compute Capability by 2030 with initial 1 GW AI Compute Hub in Uttar Pradesh, India. 

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AM Intelligence Labs is a strategic business division of AM Group, parent of Greenko, India's largest green energy producer with 50 GW of renewable capacity across solar, wind, and hydro, backed by 100 GWh of intelligent energy storage and supplying approximately 2% of India's total power. Energy is owned, operated, and carbon-free priced at 50–70% below conventional data center power costs.

India is a rapidly changing center of demand in the global AI economy. Driven by its massive developer ecosystem, digital economy, and rapidly expanding enterprise adoption of AI, the country is emerging as the world's second-largest market for AI usage and token consumption.

AM Group has commenced development of its flagship AI infrastructure initiative, with Phase 1 of the Noida Compute Hub now in active execution. Bringing the initial compute capacity online by the end of 2027 will be a key milestone as the Group builds one of the world’s largest renewable-powered AI compute platforms. OXMIQ is working closely with AM Group to optimize system architecture, infrastructure design, and modular execution delivery to ensure the platform is deployed at speed while achieving best-in-class efficiency and scale.

Under the partnership, OXMIQ will serve as the architecture and engineering partner for the compute platform, working with AM Intelligence Labs to design the systems architecture, hardware roadmap, and supply chain strategy that will underpin the facility. OXMIQ brings deep expertise spanning the entire compute stack, from transistor-level GPU architecture and advanced packaging through rack-scale systems, high-performance interconnects, and the orchestration software required to operate AI workloads at massive scale. Together, the partnership delivers end-to-end optimization from photons to outcomes, ultimately making zettascale economics accessible to everyone.

AM Group is developing the 1 GW AI High Performance Compute Hub in Noida as a fully vertically integrated platform spanning owned carbon-free power generation, advanced data center infrastructure, high-performance accelerators, a complete software stack, applications, and flexible consumption models ranging from AI Pods-as-a-Service to Tokens-as-a-Service.

OXMIQ's deep expertise across the compute stack enables the platform to be architected for end-to-end optimization from photons to tokens. Every layer, from renewable energy generation through data center architecture, liquid cooling, interconnect topology, accelerator selection, and workload orchestration, will be engineered as a unified system. This integrated approach unlocks industry-leading electrons-to-tokens economics, delivering dramatically lower-cost AI compute at gigawatt scale.

Leadership Perspectives

"AM Intelligence Labs is the ideal partner for OXMIQ. They have solved the hardest constraint in large-scale AI infrastructure: access to reliable, carbon-free power at global scale. Our team has spent decades building silicon, systems, and software that power the world’s most advanced computing platforms. Bringing that expertise into AM Intelligence Labs’ infrastructure from the first architectural decisions means every rack, every interconnect, every storage and cooling system is designed around the workloads and economics required for the AI era."

— Raja Koduri, Founder and CEO, OXMIQ Labs

“OXMIQ gives AM Intelligence Labs access to some of the deepest hardware and systems expertise in the industry. Their team’s experience across leading Silicon Valley companies is exactly what we need to architect infrastructure that can compete globally. Together we are laying the foundation for AM Intelligence Labs to become a full-stack AI compute platform.”

— Anil Chalamalasetty, Group Chairman, AM Group

About OXMIQ Labs

OXMIQ Labs, headquartered in Campbell, California, is a GPU architecture and AI technology company founded by Raja Koduri, whose career spans leadership at Apple, AMD, Intel, and ATI Technologies. OXMIQ delivers licensable chiplet-based AI hardware and software solutions built for the age of inference. OxCapsule and OxPython deliver immediate optimization across heterogeneous hardware, while OxCore and OxQuilt provide the chiplet-native roadmap to zettascale efficiency. For more information: www.oxmiq.ai

Forward Looking Statements:This press release contains forward looking statements subject to risks and uncertainties. Actual results may differ materially. Specific projects and deployments will be subject to definitive agreements.

Raja Koduri, Founder and CEO, OXMIQ Labs.

OXMIQ and AM Intelligence Labs are building one of the world's largest renewable-powered AI compute platforms - 2 Gigawatts by 2030, Phase 1 online in Noida, India by 2027.

LONDON--(BUSINESS WIRE)--May 19, 2026--

ThetaRay, a global leader in AI financial crime compliance, today released The ThetaRay UK Banking & Fintech Trust Report 2026. The findings, launched on the eve of The Global RegTech Summit, reveal a systemic shift in consumer behavior: 88% of UK customers are prepared to abandon their primary financial institutions over failures in preventing money laundering or terrorist financing.

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Data at a Glance: The Economic Cost of Non-Compliance

“Compliance has moved from back office to front-line engine for customer retention,” said Brad Levy, CEO of ThetaRay. “Switching banks is no longer a major barrier for consumers, and they expect trust, convenience and strong AML practices from their financial institutions.”

“The data proves that legacy, rule-based systems are creating a double-edged risk: they are both too wide a net for modern criminals and too rigid for the modern consumer,” said Garima Chaudhary, VP Financial Crime & Compliance AI at ThetaRay. “For leaders, AI native infrastructure is now the only way to protect brand equity and prevent mass deposit flight.”

The Security vs. Convenience Paradox

While 88% of UK customers currently trust their banks, and have consistently ranked banking as the most trusted subsector in finance since 2023, that trust is fragile. 70% of respondents admitted that the speed and clarity of digital onboarding directly dictates whether they complete an application or abandon the process entirely.

The report reveals that 96% of respondents now demand “clear explanations” of onboarding requirements, and security-related delays, a level of transparency that traditional rule-based frameworks cannot provide at scale.

Methodology

The ThetaRay UK Banking & Fintech Trust Report 2026 was conducted by Centiment, on behalf of ThetaRay, surveying 1,023 UK-based respondents. The sample is representative of the UK population and distributed across a range of age groups.

Download the full report here.

About ThetaRay

ThetaRay harnesses the power of Cognitive AI for financial crime compliance, enabling financial institutions to precisely identify legitimate customers while flagging bad actors. The SaaS solutions overcome the limitations of traditional rule-based systems by shortening long implementation lifecycles, enabling efficient, risk-aware compliance operations. By transforming compliance from a regulatory obligation into a driver of growth, ThetaRay allows institutions to scale faster and expand confidently into new markets. By uncovering hidden criminal networks and delivering actionable insights, ThetaRay empowers organizations to combat evolving threats, maintain positive regulator relationships, and enhance customer experiences. Implemented at some of the world’s leading financial institutions, including Santander, Clear Bank, Mashreq Bank, Payoneer, Onafriq, and Travelex, ThetaRay helps financial institutions thrive, fostering trust and confidence across the global financial ecosystem. For more information, visit www.thetaray.com.

The ThetaRay UK Banking & Fintech Trust Report 2026