Nvidia co-founder and CEO Jensen Huang told journalists during a visit to Beijing in July.
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As a founding member of a $2 billion investment partnership, Nvidia will help train and mentor emerging deep tech startups in India and deepen its presence in the world’s third-largest startup ecosystem.
The US chipmaker has joined the India Deep Tech Alliance (IDTA), a group of private equity and venture capital investors pledging $2 billion in deep tech investments, as a founding member. Deep tech startup is a general term for emerging companies in the semiconductor, space, AI, biotechnology, robotics, and energy fields.
The World’s Most Valuable Company will provide technical talks and training to emerging startups in India through the Nvidia Deep Learning Institute.
Nvidia Vishal Dhupar, Nvidia’s managing director for South Asia, said the company wants to “work with policymakers, investors, and entrepreneurs to provide guidance on AI systems, developer enablement, and responsible deployment.”
Nvidia has not disclosed its financial investments, schedule or training goals, and did not immediately respond to CNBC’s request for comment.
“Nvidia’s deep expertise in building AI systems, software, and ecosystems will benefit our investor and entrepreneur network,” said IDTA Founding Executive Council Member Sriram Viswanathan.
He told CNBC that the pace of innovation is accelerating in India, and that the next five years “could see the creation of a significant number of Indian deep tech companies with a strong global reputation.”
The Indian government is also actively encouraging research and innovation in deep tech through key initiatives such as more than 100 billion rupees (US$1.1 billion) in funding under the AI Mission and a separate 1 trillion rupees ($11.2 billion) R&D and Innovation Plan Fund for deep tech companies.
On Monday, Indian Prime Minister Narendra Modi announced that the country will host an AI Impact Summit next February.
The event is expected to include business leaders such as NVIDIA CEO Jensen Huang and NVIDIA CEO Demis Hassabis, as well as heads of state and policy makers. google Deep Mind.
Nvidia’s commitment to India coincides with growing global interest in the Indian AI market, with OpenAI counting India as its second-largest user base. U.S. rivals are also deepening ties, with Google recently pledging $15 billion to build an AI hub in the southern city of Visakhapatnam.
