India, Feb. 13 -- The Hyderabad-based AM Green Group has signed a memorandum of understanding (MoU) with Invest UP to set up a 1 gigawatt high-performance computing and Artificial Intelligence (AI) hub in the Yamuna City region of Yamuna Expressway Industrial Development Authority (Yeida), the authority said on Thursday.

The Group has decided to make an investment of around Rs.2.2 lakh crore ( Rs.2.2 trillion) in the project that comprises AI Lab, Data Centre and other related facilities near Noida International airport that is likely to become operational soon, said officials.

"The project, to come up on 289 acres in sectors 28 and 8D, will be developed in phases, with operations targeted by 2028 and full capacity by 2030. Powered enti...