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Nvidia backs $2b fund to mentor India’s deep tech innovators

Two Chinese charged for shipping US AI chips to China

Nvidia has joined a new $2 billion investment alliance to mentor and support emerging deep tech startups in India, strengthening its footprint in the world’s third-largest startup ecosystem.

The United States chipmaker is a founding member of the India Deep Tech Alliance, a coalition of private equity and venture capital firms committed to investing in deep tech sectors such as semiconductors, AI, space, biotechnology, robotics, and energy.

Through its Nvidia Deep Learning Institute, the company will provide technical training and knowledge-sharing sessions for Indian startups.

“Our goal is to guide AI system development, empower developers, promote responsible deployment, and collaborate with policymakers, investors, and entrepreneurs,” said Vishal Dhupar, Nvidia’s Managing Director for South Asia.

Nvidia has not disclosed any financial commitments, timelines, or specific training targets under the alliance.

“Nvidia’s depth of expertise in AI systems, software, and ecosystem-building will benefit our network of investors and entrepreneurs,” said Sriram Viswanathan, founding executive council member of the IDTA.

The Indian government is also boosting research and innovation in deep tech through major initiatives, including its ₹100 billion ($1.1 billion) AI Mission and a separate ₹1 trillion ($11.2 billion) Research, Development and Innovation Scheme Fund aimed at supporting deep tech enterprises.