November 29, 2023

INDIA: Prime Minister Narendra Modi not too long ago engaged in a extremely productive assembly with Jensen Huang, the CEO of NVIDIA, a number one American semiconductor powerhouse. 

The encounter, which delved into the promising prospects of Synthetic Intelligence (AI) in India, has ignited hypothesis about NVIDIA’s potential funding in a producing plant on Indian soil.

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Taking to social media to share the information, Prime Minister Modi posted footage of their dialogue. He went on to say Huang’s appreciation for India’s strides in AI and its gifted youth.

The assembly has raised eyebrows within the tech world, with business specialists suggesting that NVIDIA could be considering establishing a producing facility in India. 

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Whereas NVIDIA doesn’t manufacture its semiconductors, it designs GPU dies and oversees the manufacturing course of, which is commonly carried out by semiconductor producers like TSMC. 

This growth aligns with India’s emphasis on self-sufficiency, encouraging tech corporations to provide parts and units inside the nation.

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India’s ample pool of AI expertise and quite a few AI-focused software program growth studios additional bolster its attraction to NVIDIA. The corporate first ventured into India in 2004, with a base in Bangalore, and at the moment operates engineering growth centres in Gurugram, Hyderabad, Pune, and Bengaluru. These centres make use of over 3,800 professionals, whereas over 320,000 Indian builders take part in NVIDIA’s developer program.

NVIDIA’s CUDA parallel programming platform enjoys widespread reputation in India, with roughly 40,000 month-to-month downloads and an estimated 60,000 skilled CUDA builders within the nation.

Financially, NVIDIA has been thriving, reporting spectacular income of $13.51 billion for Q2 2023, a 101% enhance from the earlier 12 months. The earnings per diluted share for a similar quarter have been $2.48, marking an astounding 854% enhance from the earlier 12 months.

This high-profile assembly marks the second encounter between Modi and Huang, underscoring NVIDIA’s vital position in India’s burgeoning know-how panorama. 

The timing is noteworthy, occurring only a week after India’s historic lunar touchdown and showcasing the nation’s increasing technological capabilities.

Following the Modi assembly, Jensen Huang had the chance to attach with researchers from famend Indian establishments in science and know-how throughout a casual dinner, additional solidifying NVIDIA’s presence and collaboration potential in India’s quickly evolving tech business.

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