Anjney Midha’s AMP Raises $1.3 Billion to Build a Shared AI Compute Grid

AMP, a Menlo Park startup founded by former Andreessen Horowitz partner Anjney Midha, has raised more than $1.3 billion to pool AI computing power for startups, universities and other organizations shut out of the industry’s chip race. The company is pitching itself as a shared grid for AI infrastructure, buying spare capacity from data center operators and making it available to a coalition of users that could not easily secure large GPU clusters on their own.