Wednesday, February 28, 2024

Nvidia and Netweb Collaboration Share Rise 10% on Major AI Partnership

HomeStock-MarketNvidia and Netweb Collaboration Share Rise 10% on Major AI Partnership

Shares of Netweb Technologies, a leading technology solutions provider, surged over 10% in morning trade after the company announced its collaboration with Nvidia, the world’s leading designer of graphics and high-performance computing chips. This strategic partnership aims to manufacture servers based on Nvidia’s state-of-the-art Grace CPU Superchip and Grace Hopper Superchip designs to accelerate the adoption of AI across industries in India.

The Exodus to AI and India’s Unique Opportunity

Artificial intelligence (AI) is transforming every industry today. From healthcare to finance, retail to agriculture, AI is driving innovation and productivity like never before. According to a recent IDC report, worldwide AI software market is expected to grow at a blistering CAGR of 32.6% to reach $240 billion by 2027.

India is uniquely positioned to ride this AI wave and emerge as a global AI powerhouse. The country has a huge tech-savvy young population, world-class IT services firms like TCS, Infosys and Wipro, and a supportive government pushing the Digital India initiative. Recognizing AI’s potential, the Indian government plans to grow the local AI industry to $500 billion by 2030.

To fully harness AI’s benefits, companies need flexible and high-performance computing infrastructure tailored to AI workloads. This is where the Nvidia-Netweb collaboration comes in.

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Netweb to Manufacture Cutting-Edge Nvidia AI Servers in India

Netweb Technologies has signed an agreement with Nvidia to manufacture servers based on Nvidia’s Grace CPU Superchip and Grace Hopper Superchip MGX modular designs. Grace is Nvidia’s groundbreaking CPU chip specifically architected for giant-scale AI and high performance computing.

Under the partnership, Netweb will produce over 10 server variants under its Tyrone series, optimized for various AI applications like natural language processing, speech recognition, recommendations and more. The product line will also handle workloads like AI training, inference and 5G simultaneously on the same box.

Some key highlights of the collaboration:

  • Netweb’s servers feature Nvidia’s MGX reference design ensuring seamless upgradability to future hardware
  • The systems can run complex workloads efficiently including HPC, data science, edge computing etc.
  • Flexible configurations support evolving customer needs without expensive replacements
  • Cutting-edge technology manufactured locally in India at globally competitive prices

Speaking on the development, Netweb CMD Sanjay Lodha said:

“Nvidia is a frontrunner in AI innovation. This partnership will unlock AI’s true potential in India and APAC by enabling wider access to world-class technology manufactured locally.”

Make in India Gets a Boost

In recent years, India has emerged as a hub for electronics and hardware manufacturing thanks to supportive policies like PLI schemes, Phased Manufacturing Programme (PMP) and Electronics Manufacturing Clusters (EMC).

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Collaborations like Netweb-Nvidia strengthen India’s technology manufacturing capabilities and bring the latest innovations within the reach of Indian enterprises. Local production of cutting-edge servers will also give a fillip to the Make in India initiative, in line with our Prime Minister’s vision of an Atmanirbhar Bharat.

Commenting on the development, Nvidia’s MD for South Asia Vishal Dhupar said:

“Building the right AI infrastructure at scale is a key challenge for companies today. Netweb’s Nvidia-powered systems will help Indian enterprises harness the power of AI for productivity and innovation.”

Netweb Well Positioned to Drive India’s AI Ambitions

Headquartered in Kolkata, Netweb Technologies has over two decades of experience in providing advanced technology solutions to government bodies and top corporates. It already powers critical projects in defense, healthcare, smart cities and scientific research on its indigenous HPC clusters and cloud platforms.

The company has strategically invested in R&D and built deep expertise in new age technologies like AI, machine learning, IoT, blockchain etc. Its homegrown Netweb Brainware platform deployed across 500+ edge devices enables easy AI model development, management and deployment.

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By integrating Nvidia’s best-in-class chips into Made in India servers, Netweb has all the right ingredients – technical competence, manufacturing capability and domain know-how to accelerate AI innovation in the country.

Enterprises across sectors can now access tailored AI infrastructure to fast-track their digital transformation initiatives like predictive maintenance, supply chain optimization, personalized recommendation and more to drive efficiency and growth.

Bottom Line

The Netweb-Nvidia partnership has come at an opportune time when AI adoption is surging in India Inc. By enabling local manufacturing of advanced AI hardware, this collaboration will catalyze AI innovation and unlock new revenue opportunities for businesses in the post-pandemic world.

As per experts, this development will also encourage other global tech majors to bring cutting-edge innovations to India and boost electronics manufacturing under Make in India. With strong government support and technology leaders like Nvidia and Netweb spearheading the AI revolution, India seems well poised to become the world’s next AI powerhouse.

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Mezhar Alee
Mezhar Alee
Mezhar Alee is a prolific author who provides commentary and analysis on business, finance, politics, sports, and current events on his website Opportuneist. With over a decade of experience in journalism and blogging, Mezhar aims to deliver well-researched insights and thought-provoking perspectives on important local and global issues in society.

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