NVDA gained a massive 197% since our AI first added it in November - is it time to sell? 🤔Read more

India's Yotta to order $1 billion in AI chips from Nvidia - CEO

Published 01/11/2024, 10:26 PM
© Reuters.
NVDA
-

Indian data center operator Yotta has announced plans to bolster its AI cloud services through a $500 million investment in additional AI chips from its partner Nvidia (NASDAQ:NVDA).

The latest order, which will include nearly 16,000 of Nvidia's artificial intelligence chips, H100 and GH200, is part of Yotta's strategy to enhance its capabilities in the AI domain, its CEO and co-founder Sunil Gupta told Reuters.

Yotta, which runs three data centre campuses, had previously disclosed its intention to purchase Nvidia chips but did not specify the deal's value or chip types. The new order, expected to be placed by March 2025, adds to a previous order made by Yotta for about 16,000 H100 chips, set for delivery by July this year.

These orders are important for Nvidia in the Indian market, especially amid challenges in exporting certain chips to China and other countries due to U.S. restrictions.

The company estimates AI adoption in India to reach $14 billion by 2030.

"India's AI ambition is just not possible unless this infra comes to India," Gupta told Reuters.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.