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Tech giants Google and Nvidia will increase their presence in India, emphasising utilising AI in the nation, senior representatives announced on Monday following their meeting with Prime Minister Narendra Modi. Nvidia CEO Jensen Huang stated that the Prime Minister has long been interested in learning about artificial intelligence, its potential, and its opportunity for India. Huang specialises in graphics processing units (GPUs). "Our meetings with the prime minister have been delightful. Every time I see him, he's such a fantastic student who wants to learn about technology, AI, India's potential, and its effects on society, business, and India itself, "Huang added.
AI is the foundation of all new generations of companies.
According to Huang, AI is the foundation of all new generations of companies, with India having the third-largest startup economy. "There is an Nvidia AI Centre of Excellence at each IIT. We work as professional educators. Students are learning how to upskill in this new AI environment from us. Although artificial intelligence (AI) is a tremendously complex technology, it ultimately allows a nation to benefit from it in a way that has never been conceivable. AI truly made computing more accessible. India has to grasp this opportunity," Huang remarked.
Google and Nvidia's AI initiatives provide possibilities for individuals and enterprises in India. Here are the Implications.
Job Creation
As AI technology is incorporated into more sectors of the economy, there will be an increasing need for experts in the creation, application, and upkeep of AI systems. This might cause the number of jobs created in India to soar.
Technological Advancement
Google and Nvidia's partnership will hasten India's adoption of AI, resulting in improvements across various industries, including manufacturing, healthcare, agriculture, and education.
Business Opportunities
Indian companies may use AI to boost customer experiences, streamline processes, and create novel goods and services. This could stimulate economic growth and open up new commercial prospects.
Research and Development
The existence of tech behemoths like Google and Nvidia in India will support AI research and development, drawing top personnel and advancing the field's technological capabilities.
Increasing Competition
As Google and Nvidia compete more in the Indian market, consumers may benefit from cheaper costs for AI-powered goods and services.
Significant investments in AI
According to Google CEO Sundar Pichai, the Prime Minister has been pressing the corporation to produce and design products in India as part of his Digital India goal. "He asked us to consider healthcare, education, and agriculture applications. He also mentioned that India's infrastructure, including data centres, electricity, and energy, must be considered investments to ensure the country's transition. In India, we are making significant investments in AI and intend to do so going forward," Pichai stated.
According to him, the PM has ordered Google to advance AI research and development because he wants to ensure that AI would help the Indian people. "He has a clear vision for the opportunities that artificial intelligence will present, but he also wants to ensure that, in the end, AI will help the people of India. Ultimately, he believes that AI should serve the people of India." He is pushing us to work harder," Pichai remarked. The second leg of Modi's three-day tour to the US was held on Sunday at the Lotte New York Palace Hotel. The prime minister participated in the roundtable with CEOs of US-based companies developing cutting-edge technologies, including artificial intelligence (AI), quantum computing, and semiconductors.
Nvidia commands an 88 percent market share in the GPU industry
According to estimates, Huang's Nvidia commands an 88 percent market share in the GPU industry, which is in high demand worldwide for AI tasks. He claimed that there is fantastic potential because some of the best computer scientists in the world are based in India. "An additional new industry is artificial intelligence, the manufacturing sector. To make it happen, I'm excited to go into a close partnership with India. With India, we have numerous partnerships. First, we're giving India access to our most cutting-edge technologies," Huang stated. By the end of 2025, Nvidia hopes to increase its GPU stability to 32,768 units thanks to a partnership with Yotta Data Services.