India needs to scale up AI infra investment; tax holiday announcement offers big opportunity: Nvidia

New Delhi: India needs to scale up investment in Artificial Intelligence from the current $1.2 billion to match the global levels and the Budget announcement of 20-year tax holiday to foreign companies offers “foundational infrastructure” for expanding AI, a senior Nvidia official said on Wednesday.

Shanker Trivedi, Senior Vice President, Enterprise Business at Nvidia, said of the 2,000 global corporations, 1,800 have a major global capability centre in India currently employing over 2 million people, shortly to grow to 3 million.