NVIDIA'S INDIA CONNECTION ON NASDAQ: HIRANANDANI-BACKED... - KNOW DETAILS

Nidar Infrastructure Limited and Cartica Acquisition Corp announced that they have entered into a definitive Agreement and Plan of Merger (the "Business Combination Agreement") for a business combination (the "Business Combination"). The merger is expected to place Hiranandani-backed Nidar as a publicly traded entity on the US-based Nasdaq exchange.

The pre-transaction equity value of Nidar implied by the Business Combination terms is approximately $2.75 billion. Cartica is a special purpose acquisition company seeking to identify and complete a business combination with a suitable business combination partner in the technology space.

Nidar is India's leading data center provider for artificial intelligence ("AI") and high-performance compute. Nidar provides advanced information technology infrastructure and solutions on an "as-a-Service" model to customers worldwide, including enterprises, governments, start-ups and small- and medium-sized enterprises, and hyperscalers. Nidar's offerings include colocation services, managed services and cloud services, and AI services.

Sunil Gupta, CEO and co-founder of Nidar, commented, "Through its Yotta data centers, Nidar is India's leading data center provider for AI and high-performance compute. Yotta designs, builds and operates Tier III and IV data centers in India, which offer both colocation and hyperscale services and cloud and managed services. With our priority access to industry-leading GPUs through our partnership with the world's leader in high-performance compute, together with the added ability to access US capital markets, Yotta is poised to capture long-lasting demand from cloud infrastructure and AI."

Nvidia forays into India through Yotta

Yotta Data Services announced the arrival of the world’s fastest GPUs – NVIDIA H100 Tensor Core GPUs – at its NM1 data center.

Yotta Data Services has plans to scale up its GPU stable to 32,768 units by the end of 2025.

"Yotta Data Services has announced the arrival of the world's fastest GPUs - NVIDIA H100 Tensor Core GPUs - at its NM1 data center. With this, we reach one step closer to revolutionizing AI development in India and the world. The first cluster comprises of more than 4000 GPUs, and was received by Sunil Gupta, Co-founder, MD & CEO, Yotta Data Services on 14th of March," the company said in a statement.

2024-06-29T15:08:46Z dg43tfdfdgfd