Co-founder and CEO of Nvidia Jensen Huang spoke to journalists during a trip to Beijing in July.
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Nvidia will help train and mentor emerging deep tech startups in India as a founding member of a $2 billion investment alliance, deepening its presence in the world’s third-largest startup ecosystem.
The U.S. chipmaker has joined the India Deep Tech Alliance (IDTA) — a group of private equity and venture capital investors pledging $2 billion for deep tech investments — as a founding member. Deep tech startups are an umbrella term for emerging companies in semiconductors, space, AI, biotech, robotics, and energy.
The world’s most valuable company will offer technical talks and training through its Nvidia Deep Learning Institute to emerging startups in India.
Nvidia wants to “provide guidance on AI systems, developer enablement, and responsible deployment, and to collaborate with policymakers, investors, and entrepreneurs,” Vishal Dhupar, Nvidia’s managing director of South Asia, said.
Nvidia did not disclose any financial investment, timeline, or training targets, and did not immediately respond to a CNBC request for comment.
“Nvidia’s depth of expertise in AI systems, software, and ecosystem-building will benefit our network of investors and entrepreneurs,” said Sriram Viswanathan, founding executive council member of the IDTA.
He told CNBC that the pace of innovation is accelerating in India and there could be a “significant number of Indian deep tech companies of global repute” in the next five years.
The Indian government is also actively encouraging research and innovation in the deep tech space through major initiatives, including over 100 billion rupees ($1.1 billion USD) under its AI Mission and a separate 1 trillion rupees ($11.2 billion) Research, Development and Innovation Scheme Fund targeting deep tech companies.
On Monday, Indian Prime Minister Narendra Modi announced that the country will host the AI Impact Summit in February next year.
The event is likely to see the participation of heads of state and top policymakers, along with business leaders such as Jensen Huang, chief executive officer of NVIDIA, and Demis Hassabis, CEO of Google DeepMind.
Nvidia’s commitment in India coincides with rising global interest in India’s AI market, where OpenAI counts the country as its second-largest user base. U.S. rivals are also deepening ties: Google recently pledged $15 billion to build an AI hub in the southern city of Visakhapatnam.