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Nvidia Taps India's Growing AI Market, Partnering with Tech Giants and Scaling Data Centers - NVIDIA (NASDAQ:NVDA)
Osaki noted AI's role in boosting efficiency in Asia's manufacturing, logistics, and retail sectors through data analytics at a recent forum Nvidia Corp NVDA noted vast opportunities in AI-driven businesses across Asia, especially in multilingual India, Vice President of Worldwide Field Operations Masataka Osaki told Nikkei Asia on Monday. Osaki flagged Asian countries' diverse languages and cultures, producing immense data that can be transformed into AI tailored for each region, during an interview at the Global Management Dialogue, a forum organized by Nikkei and Swiss business school IMD. He added that AI-powered data analytics would enhance manufacturing, logistics, and retail efficiency. Also Read: ON Semiconductor Q3 Earnings: Revenue And EPS Beat Amid 19% Topline Drop and Margin Pressure, Eyes Growth in Automotive & AI Markets Nvidia is expanding AI partnerships in India, with CEO Jensen Huang announcing collaborations with Indian tech giants like Infosys, TCS, Tech Mahindra, and Wipro to accelerate AI adoption, create jobs, and train nearly 500,000 developers. Nvidia is also working with Reliance to develop a 1-gigawatt AI infrastructure center in Gujarat, leveraging India's vast IT ecosystem to support next-gen applications. Additionally, Nvidia is scaling data center capacity with Yotta Data Services and Tata Communications, increasing its GPU deployment in India almost tenfold within 18 months to meet growing demands across industries. Nvidia's move reflects its geographical diversification as the U.S. aggressively enforces its semiconductor technology embargo against countries like China. On Friday, Nvidia briefly overtook Apple Inc AAPL to become the world's most valuable company. Nvidia's market cap reached $3.53 trillion, surpassing Apple's $3.52 trillion. The shift reflects Nvidia's stock surge, fueled by record demand for AI supercomputing chips. Russ Mould, investment director at AJ Bell, noted that as more companies adopt AI in daily operations, demand for Nvidia chips stays robust. According to Bank of America analyst Vivek Arya, Nvidia will be a crucial beneficiary of the tech giant's artificial intelligence spending in 2025. Nvidia stock surged over 243% in the last 12 months. Investors can gain exposure to the stock through Vanguard Total Stock Market ETF VTI and Vanguard Growth ETF VUG. Price Action: NVDA stock is down by 0.62% at $140.67 at the last check on Monday. Also Read: iPhone 16 Blocked - Apple Faces Sales Ban in Indonesia Over Local Investment Shortfall: Report Image via Shutterstock Market News and Data brought to you by Benzinga APIs
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Nvidia Chases Growth in India: AI Partnerships With Reliance, Infosys, Wipro, Expanding into Robotics And Key Industries - NVIDIA (NASDAQ:NVDA)
Goldman Sachs forecasts AI could automate 20% of work in emerging markets like India, with Nvidia's AI initiatives leading the charge. Nvidia Corp NVDA could soon unlock value from a new economy as it grapples with the U.S.'s geopolitical tensions with China and allies, which are manifesting in semiconductor technology embargoes on the nations that are the U.S. chip designer's major markets. On Tuesday, Nvidia CEO Jensen Huang revealed new partnerships with Indian firms, aiming to expand the deployment of its AI chips. Indian IT giants, including Infosys Ltd INFY, TCS, Tech Mahindra, and Wipro Ltd WIT, are deepening their partnership with Nvidia to accelerate AI adoption, create new jobs, and reskill nearly half a million developers. Also Read: Uber Analyst Bets New Verticals, Partnerships Will Drive Q3 Gains India's IT sector, valued at $14.5 billion in 2023, is vital in meeting the rising demand for generative AI applications in healthcare, agriculture, and manufacturing. Goldman Sachs predicts that AI could automate up to 20% of work tasks in emerging economies like India, a trend these companies are preparing for by investing heavily in AI training. Nvidia's consulting partners, such as Infosys and Wipro, use Nvidia AI Enterprise to build customized generative AI applications. Tech Mahindra introduced Project Indus 2.0, an advanced Hindi-based AI model built on Nvidia's NIM microservice. This initiative brings generative AI into mainstream applications, catering to India's language needs. Nvidia's NIM Agent Blueprint for customer service, announced at the Nvidia AI Summit in India, will help these consulting giants quickly develop AI-powered virtual assistants for call centers. Powered by RAG and NeMo Guardrails, this blueprint ensures efficient, context-aware customer interactions and is customized for clients with India-specific large language models. India's top cloud infrastructure providers and server manufacturers rapidly scale their data center capacities. By the end of the year, Nvidia GPU deployment in India will have increased nearly tenfold compared to 18 months ago. Tens of thousands of Nvidia Hopper GPUs are being added to power large-scale AI factories, supporting major Indian businesses, startups, and research centers in running AI workloads both in the cloud and on-premises. This accelerated expansion, announced at the Nvidia AI Summit in Mumbai, is spearheaded by Yotta Data Services, Tata Communications, E2E Networks, and Netweb. Yotta Data Services is bringing AI to Indian enterprises through its Shakti Cloud platform, leveraging Nvidia AI Enterprise and Hopper GPUs to support generative AI and AI education. Indian billionaire Mukesh Ambani and Jensen Huang discussed AI developments during a fireside chat at the Nvidia AI Summit in Mumbai. Huang highlighted India's renowned IT industry and Nvidia's partnership with Reliance to build a 1-gigawatt AI infrastructure center in Gujarat. At the Nvidia AI Summit in Mumbai, companies like Addverb showcase how Nvidia's platforms, such as Isaac Sim and Omniverse, create digital twins of real-world environments for robot testing and optimization. Ottonomy uses Nvidia TensorRT and Jetson platforms to power its autonomous robots for last-mile deliveries across North America, Europe, and the Middle East. At the ongoing Nvidia AI Summit in Mumbai, 50 Indian startups showcase AI-driven solutions in customer service, healthcare, and robotics. Bengaluru-based CoRover.ai, an Nvidia Inception member, already has over a billion users for its conversational AI platform, which supports over 100 languages, including Hindi and English. The platform powers the IRCTC's chatbot, AskDISHA, which handles over 150,000 daily queries for Indian Railway passengers. Nvidia also scored a win Wednesday by announcing the resolution of a flaw in its highly anticipated Blackwell chip, which could help the chip designer reach a valuation of $10 trillion in 2025. Nvidia stock is up 220% in the last 12 months as US Big Techs led by Meta Platforms Inc META, Alphabet Inc GOOG GOOGL Google, and Microsoft Corp MSFT aggressively chase their AI ambitions. Price Action: NVDA stock traded higher by 1.42% at $141.54 at the last check on Thursday. Also Read: Verizon's 5G Expansion And Fiber Goals Boost Long-Term Outlook, Analysts Cautiously Optimistic Image via Shutterstock This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Market News and Data brought to you by Benzinga APIs
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Nvidia to supply AI processors to Reliance Industries, boost India ties: report
Create a free Seeking Alpha account to access breaking news and valuable research tools " Nvidia (NASDAQ:NVDA) said on Thursday that it will deepen its ties to India by supplying its artificial intelligence processors to companies in the Asian country, including Reliance Industries. Nvidia Chief Executive Officer Jensen Huang said it will provide its Blackwell line of processors for a one-gigawatt data center that Reliance is building in Gujarat, Reuters reported, citing Huang's comments at an AI summit in Mumbai. Huang added that Nvidia will also offer some of its Hopper AI chips for data centers that companies such as Yotta Data Services and Tata Communications are building. "In the future, India is going to be the country that will export AI," Huang said, according to the news outlet. "You have the fundamental ingredients - AI, data and AI infrastructure, and you have a large population of users." Nvidia also said Tech Mahindra is the first company to use its Hindi-language AI model to create a custom AI model known as Indus 2.0. Other companies such as Infosys (INFY) and Wipro (WIT) are also using AI to train, design and deploy agents. More on Nvidia Nvidia Is Cruising: Why It Should Dominate AI Phase II (Technical Analysis) Nvidia: Latest Blackwell Developments Support One-Stop AI Shop Scenario Nvidia Stock: The Extraordinary Growth Should Slow Down Despite Blackwell Nvidia CEO Huang says Blackwell flaw fixed; '100% Nvidia's fault' Magnificent 7 Q3 Preview: All eyes on AI market gains as big tech earnings loom Navigate the Stock Market with Seeking Alpha Create a free account to continue
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Nvidia strengthens its presence in India's AI market through partnerships with tech giants, data center expansions, and AI chip supply agreements, positioning India as a future AI exporter.
Nvidia, the world's leading AI chip designer, is making significant strides in India's burgeoning AI market. The company's recent moves underscore its commitment to tapping into India's vast potential in the AI sector, while also diversifying its geographical presence amidst ongoing geopolitical tensions affecting its operations in China 1.
Nvidia CEO Jensen Huang announced collaborations with Indian IT powerhouses, including Infosys, TCS, Tech Mahindra, and Wipro. These partnerships aim to accelerate AI adoption, create new jobs, and train nearly 500,000 developers 1. The collaborations leverage Nvidia's AI Enterprise platform to build customized generative AI applications, addressing India's specific language needs and industry requirements 2.
In a significant move, Nvidia is partnering with Reliance Industries to develop a 1-gigawatt AI infrastructure center in Gujarat. This collaboration will utilize Nvidia's advanced Blackwell line of processors, positioning India as a major player in the global AI landscape 3. Additionally, Nvidia is scaling its data center capacity with companies like Yotta Data Services and Tata Communications, projecting a tenfold increase in GPU deployment within 18 months 1.
Nvidia's AI Summit in Mumbai showcased various applications of its technology across sectors:
Goldman Sachs predicts that AI could automate up to 20% of work tasks in emerging economies like India, highlighting the transformative potential of these technologies 2. Nvidia's Vice President, Masataka Osaki, emphasized the vast opportunities in AI-driven businesses across Asia, particularly in multilingual India 1.
Nvidia's strategic moves in India come at a time when the company briefly overtook Apple to become the world's most valuable company, with a market cap reaching $3.53 trillion 1. The company's stock has surged over 243% in the last 12 months, reflecting the robust demand for AI supercomputing chips 1.
As Nvidia continues to expand its presence in India, Jensen Huang's vision of India becoming a country that will export AI in the future seems increasingly plausible 3. This expansion not only strengthens Nvidia's global position but also accelerates India's journey towards becoming a major player in the AI revolution.
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Nvidia's CEO Jensen Huang announces major AI initiatives in India, including partnerships with Reliance Industries and other tech giants, to build AI infrastructure and develop language models tailored for the Indian market.
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NVIDIA's stock experiences a significant rebound, adding billions to its market value. Analysts remain optimistic about the company's AI-driven growth potential.
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Nvidia's stock remains a strong buy amid continued AI investments by major tech companies, while the chipmaker makes strategic moves in the AI market through new investments and divestments.
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Nvidia faces hurdles in the Chinese market due to US sanctions, but CEO Jensen Huang remains confident in the company's global impact and future prospects.
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Nvidia's CEO Jensen Huang reignites the AI trade, but concerns arise about the company's market valuation and its impact on the broader tech sector. As Nvidia's stock experiences a correction, investors and analysts reassess the AI boom's sustainability.
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