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‘Opportunity For India To Help World's Enterprises Apply AI’: NVIDIA CEO Jensen Huang
He said India currently stands on the cusp of a second IT renaissance, which will be powered by its AI expertise
Photo Credit : NVIDIA
Jensen Huang, founder and CEO, NVIDIA
NVIDIA CEO Jensen Huang says India has an incredible opportunity to help the enterprises of the world apply artificial intelligence (AI).
During the post-GTC 2022 keynote press conference, BW Businessworld queried Jensen Huang on India’s potential. He said India currently stands on the cusp of a second IT renaissance, which will be powered by its AI expertise.
He said while 25 years ago India flourished as the backroom of turning ERP systems to solutions that helped run businesses, today the country could cater to the AI demand for the 200,000 enterprises globally.
“The classical enterprise computing has largely reached a plateau. However, a new type of computing has emerged and it's called artificial intelligence”, he said.
Speaking on the huge presence of IT talent and companies like Infosys, TCS and Wipro in India, Huang said that the country stood a great chance on delivering its AI expertise to the world’s enterprise.
A Bain & Company report says that India is the third largest contributor to global Artificial Intelligence (AI) talent. The country is responsible for 16 per cent of global AI talent.
The report surmises that this big share of AI talent is due to the technology workforce of the country which is growing up in an internet/cloud-first world. “The talent equation in India in terms of quantity will only get better, but a clear distinction will emerge between the data engineers, data scientists, and product managers. Cloud platforms and providers with better quality data scientists and product managers will be better placed to lead in the market”, stated the report.
Huang is of opinion that last 10 years has seen AI mostly benefiting the world’s internet companies. “The reason for that is because computer science was still being developed. But now, we have so many different AI algorithms and so many different domains of AI that we can readily apply to help the world's enterprises. And I see very few countries to be at the core of the world's enterprise than India”, explained the NVIDIA CEO.
He affirmed his confidence on the leadership of companies like Infosys and Wipro and TCS to deliver on the promise of AI.
“So, I think that this next phase is really, really exciting for India”, he added.
A NASSCOM report suggests that data and AI could add USD 450-500 billion to India’s GDP by 2025.