Indian Yotta Data Services is preparing to sell its shares. The company now plans to spend more than $2 billion on Nvidia’s latest chips to build an artificial intelligence computing hub. According to Reuters, the company said on Wednesday that this will boost the country’s new AI drive. Yotta aims to raise up to $1.2 billion from investors to fund its expansion ahead of its initial public offering. Yotta Data Services CEO Sunil Gupta told Reuters on the sidelines of the India AI Impact Summit in New Delhi that India, which is lagging behind the US and China in developing AI technology, has made itself a hotbed for global data center companies with its large population and developer community. Which can help in making these investments profitable.
Yotta’s big bet before IPO! There is a plan to raise $1.2 billion, AI drive in the country will gain momentum – Market
