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India's Yotta to order $1 billion in AI chips from Nvidia - CEO

Published 12/01/2024, 01:26 am
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Indian data center operator Yotta has announced plans to bolster its AI cloud services through a $500 million investment in additional AI chips from its partner Nvidia (NASDAQ:NVDA).

The latest order, which will include nearly 16,000 of Nvidia's artificial intelligence chips, H100 and GH200, is part of Yotta's strategy to enhance its capabilities in the AI domain, its CEO and co-founder Sunil Gupta told Reuters.

Yotta, which runs three data centre campuses, had previously disclosed its intention to purchase Nvidia chips but did not specify the deal's value or chip types. The new order, expected to be placed by March 2025, adds to a previous order made by Yotta for about 16,000 H100 chips, set for delivery by July this year.

These orders are important for Nvidia in the Indian market, especially amid challenges in exporting certain chips to China and other countries due to U.S. restrictions.

The company 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 told Reuters.

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