Yotta to Invest $2 Billion in Nvidia Chips to Power India’s AI Ambitions
India’s Yotta Data Services will invest more than $2 billion in advanced AI chips from Nvidia to build a large-scale artificial intelligence computing hub, giving fresh momentum to the country’s growing AI ecosystem. The announcement was made on the sidelines of the India AI Impact Summit in New Delhi, where the company said it plans to deploy over 20,000 Blackwell Ultra chips by August. Half of the chips will be used by Nvidia over four years for its DGX AI cloud services supporting Indian IT firms.
As part of its expansion strategy, Yotta aims to raise up to $1.2 billion from investors ahead of a potential initial public offering that could take place as early as this year, CEO Sunil Gupta told Reuters. A source familiar with the matter said Abu Dhabi sovereign wealth fund Mubadala Investment Company is in talks to invest in the company during its pre-IPO phase, though no official confirmation has been made.
India, which is working to close the AI gap with the United States and China, has emerged as an attractive hub for global data center investments. The country has drawn nearly $70 billion from major tech players including Microsoft and Alphabet Inc.. Backed by billionaire Niranjan Hiranandani’s group, Yotta operates data center campuses in Mumbai, Gujarat and near New Delhi, and plans to deploy its new AI supercluster in the capital with added capacity from Mumbai.
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