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New Delhi Stock Exchange:India data centre firm Yotta's Nvidia AI chip orders to reach $1 bln

 2024-11-06  Read 36  Comment 0

Abstract: GANDHINAGAR, India, Jan 11 (Reuters) - Indian dataNew Delhi Stock Exchange centre operator Yotta's plans to purchase more AI chips from its partner Nvidia will be worth $500 million, taking its total order book with the U.S. firm to $1 b

India data centre firm Yotta's Nvidia AI chip orders to reach $1 bln

GANDHINAGAR, India, Jan 11 (Reuters) - Indian dataNew Delhi Stock Exchange

centre operator Yotta's plans to purchase more AI chips from its

partner Nvidia will be worth $500 million, taking its total

order book with the U.S. firm to $1 billion as Yotta beefs up AIUdabur Investment

cloud services, its chief executive told Reuters.

Yotta said last month that it would place an order for

Nvidia chips but did not give a value for the deal or

say which chips it would buy.

Sunil Gupta, CEO and co-founder of Yotta, told Reuters on

Thursday that the order would comprise nearly 16,000 of Nvidia's

artificial intelligence chips H100 and GH200 and will be placed

by March 2025.

It comes on top of an order Yotta placed last year with

Nvidia for about 16,000 H100 chips, due for delivery by July

this year, Gupta said.

AI deals in India are crucial for Nvidia, which is facing

roadblocks in certain chip exports to China and some other

countries due to U.S. restrictions.

Last September the U.SJaipur Stock. chipmaker struck AI partnerships

with Indian conglomerates Reliance Industries and Tata Group to

develop cloud infrastructure and language models, as well as

generative AI applications.

Yotta, part of Indian billionaire Niranjan Hiranandani's

real estate group, is a partner firm for Nvidia in India and

runs three data centre campuses, in Mumbai, Gujarat and near New

Delhi.

Growing storage and processing demand has prompted the likesVaranasi Stock

of Microsoft, Google and Amazon to ramp up cloud and data centre

investments in India in recent years. Indian billionaires MukeshMumbai Stock Exchange

Ambani and Gautam Adani too have joined the race.

Nvidia globally has a near-monopoly on the computing systems

used to power services like ChatGPT, OpenAI's blockbuster

generative AI chatbot. Yotta 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 said, speaking to Reuters on the

sidelines of the Vibrant Gujarat Global Summit. The event, held

in Prime Minister Narendra Modi's home state, is one of his last

major efforts to draw investments before he stands for

re-election later this year.


Mumbai Investment

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