NVIDIA Secures $500 Million AI Order from Yotta, Accelerating Indian AI Developments

In a strategic move to navigate around new US regulations impacting sales in established markets like China, NVIDIA has found a promising alternative in India. Yotto, an Indian AI firm, has placed a substantial order exceeding $500 million with NVIDIA. This deal marks a significant milestone for both parties, with Yotto propelling advancements in its AI cloud services, and NVIDIA tapping into new opportunities in the burgeoning Indian market.

Yotto's CEO and co-founder, Sunil Gupta, disclosed that the order encompasses 16,000 units of NVIDIA's H100 and GH200 AI GPUs, scheduled for delivery by March 2025. This follows a previous order for 16,000 NVIDIA H100 GPUs, expected to be delivered by July. The cumulative valuation of these orders surpasses the billion-dollar mark, solidifying Yotto's position among NVIDIA's valued clients. NVIDIA's CEO, Jensen Huang, has expressed confidence in the immense potential of the Indian market, foreseeing it as one of the largest globally in the future.

Efforts by the Indian government and businesses to foster technological growth in the country have gained momentum, particularly with Prime Minister Narendra Modi's "Made in India" initiative. AI stands out as a key focus area for Indian firms, and according to Yotto's CEO, the Indian AI market is anticipated to reach $14 billion by 2030, sparking a competitive race among local tech giants.