Story perspectives

Nvidia Hits $5 Trillion Valuation, AI Rally Hits India

4/29/2026

Summary

Nvidia Crosses $5 T

Summary

IndiaAI Funds Compute

India’s IndiaAI mission has allocated INR10,372 crore (about $1.25 billion) to build AI compute capacity.
The AI compute portal offers startups and researchers subsidised access to Nvidia H100 and H200 GPUs at rates below commercial cloud pricing.
Yotta, Larsen & Toubro and E2E Networks are building factories as India aims to develop sovereign GPUs in three to four years.
Analysts warn U.S. export restrictions on Nvidia chips could raise portal costs and delay AI research.

History

Historical Context

In 2007 Fei-Fei Li launched the ImageNet dataset, eventually holding over 1.2 million labeled images for the ILSVRC competition. Leveraging two Nvidia GTX 580 GPUs, Alex Krizhevsky’s AlexNet won the 2012 ImageNet challenge, turning deep convolutional networks from a niche idea into the dominant computer-vision approach. The breakthrough spurred Nvidia’s rise and today fuels global AI hardware competition.

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Nvidia Crosses $5 T

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