Winning Bizness Desk

Mumbai. NVIDIA, the American semiconductor giant, announced the launch of its Hindi AI model while also formalizing its partnership with Reliance Industries to build AI infrastructure in India. Speaking at the 'NVIDIA AI Summit India,' NVIDIA CEO Jensen Huang and Reliance Industries Chairman Mukesh Ambani discussed the potential of artificial intelligence (AI) in transforming the country. The summit, which began on October 23 at the Jio World Convention Centre in Mumbai, will run until October 25. This collaboration aims to develop India's AI ecosystem, aligning with the companies' earlier announcement in September 2023 to build AI supercomputers in India.

Ambani Compares NVIDIA to "Knowledge

Mukesh Ambani, in his address, praised NVIDIA's role in AI development, comparing it to "vidya," the Hindi word for knowledge. He said, "NVIDIA may sound like a foreign name, but its essence translates to 'knowledge' in Hindi." He emphasized the company's importance in building a robust AI infrastructure, similar to how Reliance Jio revolutionized telecommunications in India. Jensen Huang responded by acknowledging that the name NVIDIA was carefully chosen, even though people initially doubted its success. He expressed pride in how the company has grown into a leader in AI and semiconductor technologies.

Huang Asks Ambani About His Motivation

During the event, Huang asked Ambani, "No one has helped India move towards high-tech like you have. I know you have deep aspirations for India to become a tech powerhouse. What motivates you?" Ambani shared his vision of making India a leader in AI, particularly in developing a world-class large language model (LLM) in Hindi. He emphasized that this is part of India's ongoing knowledge revolution, transforming into an intelligence revolution, and noted that the country is on the cusp of the "Intelligence Age." Ambani also reiterated his confidence in NVIDIA, saying, "I trust NVIDIA to build AI infrastructure in India just as Jio built telecom infrastructure."

India to Export AI in the Future

Huang remarked on India's growing significance in the global tech landscape. He said, "India has long been a hub for software exports. In the future, India will export AI." He stressed that the next phase of industrial growth would focus on AI production, which he referred to as the "new industrial revolution," predicting the emergence of a new industry called "intelligence production."

India Should Build Its Own AI, Says Huang

Highlighting India's vast talent pool, especially its engineers, Huang stressed that this is a unique opportunity for India to build its own AI systems. He argued that India should develop its own AI technology rather than rely on importing intelligence from elsewhere. "India does not need to export its data to import intelligence," he added.

Huang on AI’s Impact on Jobs

Addressing concerns about AI's impact on employment, Huang admitted, "I don't know exactly how AI will affect jobs, but I believe that those using AI to automate 20-50% of their work could pose a threat to existing jobs." He also predicted that in the future, people will have personal AI assistants to handle their day-to-day tasks, significantly altering the job market. Bollywood actor Akshay Kumar also attended the 'NVIDIA AI Summit India' and shared his thoughts on social media, saying, "I just attended the NVIDIA AI Summit, and I’m amazed! The future is here, and India is growing with it!" He expressed gratitude to the summit organizers for introducing him to the world of AI.

TCS Expands Partnership with NVIDIA

Tata Consultancy Services (TCS) has extended its partnership with NVIDIA to accelerate AI adoption across various industries. TCS plans to introduce industry-specific AI solutions in collaboration with NVIDIA's business unit, aiming to fast-track AI integration for customers. NVIDIA, the world’s most valuable semiconductor company, has engineering development centers in Hyderabad, Pune, Gurugram, and Bengaluru. Its stock has surged by 189.72% this year despite some recent market volatility. In comparison, Reliance Industries’ stock has risen by just 2.94% in 2024.