Indian Economy News

India could be the world's largest AI exporter: Nvidia CEO Mr. Jensen Huang

  • IBEF
  • September 11, 2023

According to Nvidia founder and Chief Executive Officer (CEO) Mr. Jensen Huang, Nvidia plans to establish the world's largest artificial intelligence (AI) workforce, and India may become the world's greatest exporter of AI products and personnel. He further added that “India will produce and export more AI expertise than any other country. AI could also be its largest export”.

Nvidia plans to upskill and reskill every engineer in the firm as part of its mission to be a leader in AI. Mr. Huang said “Every single engineer will be an AI engineer. AI will not take your job. The person who uses AI will take your job. So, we need to make sure that our engineers are the most productive, efficient and can build the most important things”.

The California-based corporation will reskill more than 600,000 employees of Tata Consultancy Services (TCS), India's largest IT services company, in AI as part of its bigger skilling initiatives for the entire ecosystem. Mr. Huang also stated that the company would like to collaborate with other IT service providers as well as Indian colleges to train personnel and students about artificial intelligence.

Nvidia employs approximately 2,200 people in India, out of a total workforce of over 27,000 people spread across 50 countries. In the upcoming years, it intends to more than double its headcount in the nation.

The company is investing heavily in the startup environment, collaborating on AI projects with 15,000 startups worldwide, including those in India. Earlier this week, Prime Minister Mr. Narendra Modi met with Mr. Huang to discuss India's potential in the field of artificial intelligence.

The Prime Minister posted about the meeting in a social media post “Had an excellent meeting with Mr. Jensen Huang, the CEO of @nvidia. We talked at length about the rich potential India offers in the world of AI. Mr. Jensen Huang was appreciative of the strides India has made in this sector and was equally upbeat about the talented youth of India”.

Nvidia first established operations in India in Bengaluru in 2004. Since then, it has expanded to four engineering development centres in Gurugram, Hyderabad, Pune, and Bengaluru, employing around 3,800 people across the country.

Furthermore, the company collaborates with 320,000 developers in India who are members of Nvidia's developer programme in the country. Nvidia reported revenue of US$ 13.5 billion for the second quarter ended June, growing 101% year on year and 88% year on year, driven by the global AI boom.

In 2022-23, the corporation generated US$ 27 billion in sales and has over 7,500 granted and pending patent applications worldwide. Nvidia describes itself as the "world's engine for AI".

According to the company, Nvidia AI technologies are used to build and run services from tech giants such as Alibaba, Amazon, Google, Meta, Microsoft, Snap, Spotify, Tencent, and 40,000 other companies. 

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.