Midha’s AMP Targets $100 Billion for AI Grid Security

AMP founder Anjney Midha said his firm is planning to raise $100 billion over the next five years to guarantee grid security for companies needing access to AI computing power.

“We’ve raised a meaningful amount of that already,” Midha said Wednesday on the weekly Bloomberg Deals TV show.

In the past two weeks, AMP has received more than $6 billion in interest, said Midha, who was a general partner at Andreessen Horowitz before launching AMP. He said 20% of the total will be committed from AMP’s own capital, and that the firm has already invested in ...