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Nvidia Backs Little-Known Yotta in Biggest Bet Yet on AI in India

Mar 18, 2024 - bloomberg.com
A group of men anxiously await a late-night delivery of Nvidia Corp semiconductors at the back gate of a Mumbai startup, Yotta Data Services. These semiconductors are highly sought after as they are crucial for the development of artificial intelligence (AI), a technology that has sparked a global industry frenzy.

While US companies like OpenAI and Google have invested billions into these chips, Yotta Data Services is making India's largest bet yet on the potential of AI. The company's actions highlight the growing importance and demand for AI technology in global markets.

Key takeaways:

  • A group of men anxiously awaited the arrival of semiconductors from Nvidia Corp at Yotta Data Services, a startup in Mumbai.
  • Nvidia's semiconductors are highly sought after due to their essential role in the development of artificial intelligence.
  • While companies like OpenAI and Google have heavily invested in such chips in the US, Yotta Data Services is making the largest bet on AI in India.
  • The arrival of the semiconductors was significantly delayed, arriving 10 hours late at midnight.
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