Nvidia is expanding its presence in India with a $2 billion investment alliance to support and mentor AI startups. The company's co-founder and CEO, Jensen Huang, discussed this initiative during a visit to Beijing in July. Nvidia's involvement in the India Deep Tech Alliance (IDTA) will provide technical expertise and training to emerging deep tech startups in India, covering sectors like semiconductors, space, AI, biotech, robotics, and energy. This move comes as India's startup ecosystem grows, with the potential to produce globally renowned deep tech companies in the next five years. The Indian government is also actively promoting research and innovation in deep tech through substantial funding initiatives, such as the AI Mission and the Research, Development, and Innovation Scheme. The AI Impact Summit, scheduled for February, is expected to attract high-profile participants, including business leaders and policymakers, further highlighting India's growing importance in the global AI landscape. As Nvidia strengthens its presence in India, it aligns with the country's rising global interest in its AI market, with OpenAI recognizing India as its second-largest user base. This strategic move by Nvidia not only enhances its global footprint but also positions it as a key player in India's burgeoning AI ecosystem.
