Nvidia Teams Up with Reliance to Build AI Infra Amidst Job Takeover Fear

Nvidia has partnered with billionaire Mukesh Ambani-led Reliance Industries to develop AI infrastructure in India on Thursday. Speaking at the Nvidia AI Summit 2024 in Mumbai, the chip giant’s CEO, Jensen Huang said that along with the Indian government and chip design companies will leverage country’s semiconductor design talent to make tailored-for-India chips. 

“Our partners in India are joining us to make fundamental infra. In a year’s time we will have 20 times more compute in India than a year ago,” said the Nvidia CEO. 

Additionally, he said a new AI model would be required to deal with the diversity of languages in India. “In India, there is a new dialect after every few kilometers. So, you need to train in new AI model yet again,” Huang added. 

With AI entering more sectors, its influence on how we work has increased tremendously, leaving many anxious whether AI will render them jobless. 

Huang said AI can do 20 per cent of the work around 1,000 times more efficiently. He also set aside the fear people have of AI taking over their job and highlighted that those who use the technology will take over their job. Hence, hinted that those who fail to learn AI will be at a disadvantage. 

“AI can do 20 per cent of the stuff 1,000 times better. When people ask if AI is going to take their jobs, I say the person who uses AI to do those 20 per cent tasks will take your job,” said Huang. 

Nvidia Share Price 

Nvidia's share price has witnessed a robust bull run. Since the start of 2024, the GPU maker has delivered a massive return of nearly 190 per cent NASDAQ. This also made the stocks of the company the favourite of Wall Street, with investors pouring all their money. 

Earlier this year, Goldman and Sachs stated that Nvidia is the most important stock in the world. On an annual basis, the shares of the company have delivered a return of 219 per cent. As the hype around AI continues to maintain momentum, Nvidia has been the largest gainer of the buzz.