According to foreign media reports, Indian Prime Minister Narendra Modi met with Nvidia founder and CEO (CEO) Jensen Huang on the evening of September 5 to discuss India’s huge development in the field of artificial intelligence (AI). potential. It was the second meeting between Modi and Huang, underscoring Nvidia's role in India's fast-growing technology industry.
NVIDIA, the world's leading GPU manufacturer, began operations in Bangalore, India, in 2004, nearly 20 years ago. According to the company, its technology relationship with India is strong and recent developments underline this.
Nvidia CEO Jensen Huang emphasized Nvidia's huge interests in India at last year's GTC annual summit and expressed strong interest in the Indian talent pool, urging talents in the artificial intelligence community to cooperate with the company. He pointed out, "AI will have a profound impact on the Indian economy, and we believe NVIDIA plays an important role in this." According to insiders, Huang Renxun's meeting also revealed NVIDIA's plan to expand its business in India.
Nvidia is favored by investors and is considered a key supplier to meet the demand for AI computing power, and its high-end GPUs have been used to train and run various chatbots. It is reported that the popularity of generative AI such as the chatbot ChatGPT has increased the demand for high-performance GPUs such as NVIDIA H100, A100, H800 and A800, allowing the company to capture 90% of the global AI GPU market.
In fact, NVIDIA occupies a considerable share of the AI market not only in India but also globally. JPMorgan Chase Investment Bank believes that with hardware products such as GPUs and network products, Nvidia will occupy up to 60% of the global artificial intelligence product market this year.
In addition, Nvidia has also been sought after by Chinese companies. According to foreign media reports last month, Baidu, ByteDance, Tencent and Alibaba have ordered chips worth US$5 billion from Nvidia. These Chinese companies are snapping up Nvidia chips because they are critical to building generative artificial intelligence systems.
Regarding this trend of pursuing high-end chips, market analysts believe that AI technology is now in the golden period of digital transformation. As digitalization accelerates, it will become more important to develop more innovative AI technologies and products. It is against this background that the development prospects of the hottest AI technology fields in the future, such as deep learning frameworks, natural language processing technology, and intelligent decision-making, will become more predictable.
I believe that with the help of NVIDIA, India will catch up in the field of artificial intelligence and achieve faster and better development.