Yotta India to build a $2 billion Nvidia-powered AI hub, eyes IPO within a year

India’s Yotta Data Services plans a $2 billion artificial-intelligence hub built on Nvidia GPUs as it prepares for a stock-market listing within 12 months. The company says demand for high-end chips in India outstrips supply and estimates it controls 60% to 70% of the country’s GPU capacity, positioning it to serve both domestic AI startups and global players expanding in the market. The push coincides with a wave of big-ticket investments: U.S. tech firms including OpenAI, Google and Microsoft are scaling services and infrastructure in India, with OpenAI taking capacity at Tata Consultancy Services’ data-center business. A Nomura report projects India’s total data-center capacity at 1.93 GW in 2025, nearly doubling to 4 GW by 2028, buoyed by pledges made during the India AI Summit, where companies outlined roughly $277 billion in planned spending over the next five to seven years. Yotta aims to finance further GPU purchases through a $1.2 billion to $1.5 billion pre-IPO round as the country races to build homegrown AI models and supporting infrastructure.

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