Chipmaker NVIDIA (NASDAQ:NVDA) is teaming up with the Indian conglomerate Reliance Industries to develop a made-in-India “foundation large language model.” The model will be trained on the country’s multitude of languages and tailored for generative AI applications to cater to its population.
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Impressively, the two collaborators are planning to set up an AI infrastructure that surpasses the country’s fastest supercomputer. This infrastructure will serve as the AI foundation for Reliance’s telecom arm, Reliance Jio Infocomm.
Furthermore, Reliance will gain access to NVIDIA’s advanced NVIDIA GH200 Grace Hopper Superchip and NVIDIA DGX cloud. The company intends to develop AI applications and services to cater to its 450 million Jio customers.
The computing data centers hosting this infrastructure are expected to eventually expand to 2,000 MW. India is striving to be a powerhouse in the field of AI, and the strategic collaboration is a part of Reliance’s strategy to serve as a comprehensive digital, cloud, and networking platform for both consumers and businesses.
Overall, the Street has a consensus price target of $636.62 for NVIDIA, along with a Strong Buy consensus rating. This points to 38% potential upside in the stock, on top of a massive 235% price gain over the past year.
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