Nvidia is doubling down on India's booming AI ecosystem by joining a $2 billion deep tech alliance as a founding member, positioning itself to mentor the next wave of semiconductor and AI startups in the world's third-largest startup market. The move comes as tech giants scramble to establish footholds in India's rapidly expanding artificial intelligence landscape.
Nvidia just made its biggest strategic bet on India's deep tech future. The world's most valuable company has become a founding member of the India Deep Tech Alliance (IDTA), a coalition of private equity and venture capital investors pledging $2 billion specifically for emerging companies in semiconductors, space technology, AI, biotech, robotics, and clean energy.
The timing couldn't be more strategic. India has quietly become the world's third-largest startup ecosystem, and now it's emerging as a critical battleground for AI dominance. OpenAI already counts India as its second-largest user base globally, while domestic innovation is accelerating at unprecedented speed.
"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," Sriram Viswanathan, founding executive council member of the IDTA, told CNBC. That's not just optimism talking - it's backed by serious government muscle.
Prime Minister Narendra Modi's administration is throwing massive resources behind this vision. The government has allocated over 100 billion rupees ($1.1 billion) through its AI Mission and an additional 1 trillion rupees ($11.2 billion) through a separate Research, Development and Innovation Scheme Fund targeting deep tech companies specifically.
For Nvidia, this isn't about writing checks - it's about ecosystem building. The company will leverage its Nvidia Deep Learning Institute to provide technical training and mentorship to emerging startups. "Nvidia wants to provide guidance on AI systems, developer enablement, and responsible deployment, and to collaborate with policymakers, investors, and entrepreneurs," said Vishal Dhupar, the company's managing director of South Asia.
While Nvidia hasn't disclosed any direct financial investment or specific training targets, the strategic value is clear. By embedding itself deep in India's startup ecosystem early, the company positions itself to identify and nurture the next generation of AI companies that will inevitably need its cutting-edge GPU infrastructure.
