NVIDIA’s expansion in the artificial intelligence (AI) market has hit a snag due to new US regulations that restrict the company’s ability to sell its AI products in China. However, it seems that NVIDIA has found a promising alternative in the form of India. Recent reports reveal that the Indian data center operator Yotta has placed a massive order with NVIDIA valued at over $500 million. This deal marks a significant milestone for both parties, as Yotta seeks to accelerate its AI cloud services while NVIDIA taps into a potentially lucrative new region.
Yotta’s CEO, Sunil Gupta, disclosed that the order includes 16,000 units of NVIDIA’s H100 and GH200 AI GPUs, set to be delivered by March 2025. This order, along with the previous order for 16,000 NVIDIA H100 GPUs, brings the total valuation well beyond the billion-dollar mark, cementing Yotta’s position as one of NVIDIA’s esteemed clients. Jensen Huang, CEO of NVIDIA, has also expressed his belief in the immense potential of the Indian market, predicting it to become one of the largest in the world.
The Indian government, under the leadership of Prime Minister Narendra Modi, has been actively promoting technological growth in the country, particularly through the “Made in India” initiative. AI is a key focus for Indian firms, with the local AI market expected to reach $14 billion by 2030. This rapid growth has sparked competition among local tech giants vying for a share of the market.
As NVIDIA faces challenges in China, it seems to have identified India as a promising market to cater to. The normalization of relations between the US and India has further facilitated NVIDIA’s exploration of Indian markets. With these developments, we may witness a significant expansion of NVIDIA’s business in India in the coming years, as the company continues to establish itself as a global player in the AI industry.
Source: Reuters
The source of the article is from the blog oinegro.com.br