tech
February 27, 2026
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
Yotta Data Services, which controls up to 70% of India’s GPU capacity, said surging demand from local AI startups and global tech firms is tightening supply.
TL;DR
- Demand for GPUs in India is exceeding supply due to the scaling of domestic AI models and a surging user base.
- Yotta Data Services is constructing a $2 billion AI hub utilizing Nvidia's chips and currently owns 60% to 70% of India's GPU capacity.
- Recent AI summits saw the launch of early versions of Indian AI models, such as Sarvam AI's Indus chatbot, primarily trained on Nvidia GPUs hosted by Yotta.
- Global AI companies like OpenAI, Google, and Perplexity are offering AI tools at low or no cost in India, while hyperscalers like Google and Microsoft are investing heavily in data center infrastructure.
- OpenAI has become a major customer for Tata Consultancy Services' data center business, securing significant capacity.
- India's data center capacity is projected to nearly double by 2028, with substantial investments planned over the next five to seven years, largely directed towards AI infrastructure.
- Yotta plans a pre-IPO funding round of $1.2 billion to $1.5 billion and aims to list within the next 12 months.
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