An Indian company is set to build a $2 billion AI hub with Nvidia’s GPUs and go public. Here's what we know so far

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India’s Yotta Data Services, which is building a $2 billion artificial intelligence hub using Nvidia

’s chips, said demand for graphic processing units in the country is exceeding supply as domestic AI models prepare to scale and the local user base surges.

At present, India trails the U.S. and China in the race to develop a native AI foundational model and lacks large domestic AI infrastructure. That is beginning to shift.

Last week, during the India AI summit, a few Indian companies launched early or limited versions of their AI models, such as Sarvam AI’s Indus chatbot.