Nvidia CEO Jensen Huang aims for growth in India through new partnerships

India is seen as a key player in the AI market, with its population of 1.4 billion increasingly adopting AI across various sectors such as agriculture, education, and manufacturing.

In Short

• AI summit held in Mumbai to showcase Nvidia's tech
• AI market in India seen as key growth area
• India's AI infrastructure still developing

Nvidia is taking some crucial steps to strengthen its presence in India. Jensen Huang, the CEO of Nvidia, is forming partnerships with major Indian companies, including Reliance Industries Ltd. and Infosys Ltd, reported Bloomberg. This highlights the importance of India, which has the largest population in the world, to Nvidia’s future in the field of artificial intelligence (AI).

Nvidia is currently holding one of its AI summits in Mumbai, showcasing how Indian companies are using its AI technology to improve their products and services. At the summit, Huang plans to discuss the potential of AI in India with Reliance Chairman Mukesh Ambani, a key figure in the retail and refining industries.

India is seen as a key player in the AI market, with its population of 1.4 billion increasingly adopting AI across various sectors such as agriculture, education, and manufacturing. These industries are leveraging AI to enhance their efficiency. Although AI currently makes up a small part of their revenue, global tech firms, including Nvidia, Microsoft Corp., and Meta Platforms Inc., are eyeing India as a promising growth market and a base for operations.

Nvidia has announced plans to assist Tech Mahindra Ltd. in creating a large language model in Hindi. Additionally, the company will work with Flipkart to develop systems for conversational customer service. It also aims to partner with healthcare companies in India to enhance productivity in patient care and research.

Nvidia is at the forefront of a global AI surge, supplying the chips that tech giants like Microsoft and Google use to build AI applications. Huang has been actively promoting the adoption of AI technologies worldwide, describing it as a “new industrial revolution.”

The company began its operations in Bangalore, southern India, around 20 years ago. It has since expanded to include development centres in three other cities in India, employing about 4,000 engineers, making this its largest workforce outside the US.

In the past year, Nvidia has formed agreements to establish AI data centres with major local companies, including Reliance Group and the Tata Group. During a shareholders meeting in August, Mukesh Ambani highlighted Reliance Industries’ efforts to develop a range of AI tools and applications under the name JioBrain. He mentioned the term AI over 80 times during the meeting.

As tensions between the US and China rise, India is becoming more important for global tech companies. Nvidia’s business with China has been affected by restrictions from the US government. Huang referred to “India’s moment” after his meeting with Prime Minister Narendra Modi in the US last month.

While India has a growing digital economy, its AI infrastructure is still in the early stages of development. The Indian government has allocated $1.2 billion for the IndiaAI Mission, aiming to build the necessary data centres that are crucial for developing AI systems and bringing technologies to market.