Nvidia (NVDA) Expands AI Partnerships with Major Indian Corporates

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Nvidia (NVDA, Financial) is forming strategic partnerships with India's largest companies, including Reliance Industries and Infosys, highlighting the significance of the populous nation for the AI leader's future growth. The company is hosting an AI summit in Mumbai, emphasizing collaborations across various Indian industries utilizing its AI technology to enhance their products and services.

During the event, Nvidia CEO Jensen Huang will discuss the potential of AI in India with Mukesh Ambani, Chairman of Reliance Industries. Nvidia aims to assist Tech Mahindra Ltd. in developing a large-scale language model for Indian languages and work with e-commerce giant Flipkart to create conversational customer service systems. Additionally, the company plans to collaborate with healthcare firms in India to boost productivity in patient care and research.

Nvidia's journey in India began two decades ago in the southern city of Bangalore, and it now operates development centers in three other cities in the country, employing around 4,000 engineers, making it the largest workforce outside the United States.

About a year ago, Nvidia entered agreements with local conglomerates like Reliance and Tata Group to establish AI data centers. In August, Mukesh Ambani mentioned during Reliance Industries' shareholder meeting that the company is developing a suite of AI tools and applications named JioBrain, underscoring his commitment to AI advancements.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.