Nvidia CEO Eyes India Expansion
Nvidia Corp. CEO Jensen Huang is turning up the volume on the company's focus on India: Nvidia is announcing its partnership with some of the top corporate Indians, including Reliance Industries Ltd. and Infosys Ltd. The company sees a future in India-one that contains the potential to be the world's most populous, and most important, as the country is one of the fastest-growing artificial intelligence markets in the globe.
At an AI summit in Mumbai, Nvidia is focusing on how Indian companies are using its AI technology in various ways to improve their products and services. At the event on Thursday, Huang would speak about the transformative potential of AI in India with Mukesh Ambani, chairman of Reliance Industries.
India has turned out to be a significant hub in the global AI landscape, with its 1.4 billion-strong population increasingly adopting AI across agrarian sectors, education, and manufacturing. While AI currently only brings in a marginal contribution to the revenues of global tech firms, companies such as Nvidia, Microsoft Corp., and Meta Platforms Inc. view India as an important growth market and operational hub in light of the shifting economic dynamics.
Along the same lines, as a commitment to the Indian market, Nvidia has announced its decision to collaborate with a leading Indian IT company, Tech Mahindra Ltd. to develop a large language model for Hindi and is seen planning a tie-up with e-commerce giant Flipkart to upgrade its conversational customer service systems. On the other end, it seems Nvidia plans to tie up with a few health care organizations to increase productivity in patient care and research initiatives.
Centered in the vanguard of a global AI revolution, Nvidia has provided the crucial chips relied upon by tech leaders including Microsoft and Google to build AI technologies. Huang has toured the world this year, pressing countries and companies to embrace AI solutions, which he describes as a 'new industrial revolution'.
Founded two decades ago in Bangalore, Nvidia now runs development centers in another three Indian cities, employing some 4,000 engineers-the largest workforce outside the US. Last year, the company agreed to build AI data centers with several local conglomerates, including Ambani's Reliance Group and Tata Group. Reliance Industries is busily building a suite of AI tools and applications branded JioBrain, much referenced by Ambani at a recent shareholders' meeting.
While the world's technology giants slog through rising tensions between the US and China, India has emerged as an alternative market. Huang termed it 'India's moment' after he met Prime Minister Narendra Modi in the US last month. India AI Infrastructure That is even as it enjoys a rapidly growing digital economy. USD 1.2 billion has been allocated by the Indian government under the IndiaAI Mission to set up data centers critical for developing AI systems and commercializing related technologies.