E2E Networks Secures ₹88 Cr GPU Deal for India's AI Mission 🚀

Big news from the tech world! E2E Networks Limited (E2E) has just announced a massive win, securing a significant contract that firmly places it at the heart of India’s burgeoning Artificial Intelligence landscape. The company will be allocating high-performance GPU resources to GAN AI, a key player under the IndiaAI Mission.

This isn’t just any contract; it’s a substantial deal valued at a whopping ₹88.02 crore (that’s over 880 million rupees!). E2E Networks will be providing 1024 H200 SXM GPUs, equipped with an Infiniband network on a single fabric, for a reservation period of 12 months. These powerful GPUs are earmarked for GAN AI, which has been selected to build India’s foundational AI model. Imagine the computing power needed for such an ambitious project! 🧠

The order comes directly from IndiaAI, an Independent Business Division operating under the Ministry of Electronics and Information Technology, Government of India. This highlights the strategic importance of E2E Networks’ capabilities in supporting national-level technology initiatives.

For E2E Networks, this development is a major boost. It perfectly aligns with the company’s strategic focus on delivering high-performance computing resources and is expected to significantly enhance its positioning within the critical AI infrastructure segment. As India pushes forward with its digital transformation and AI ambitions, companies like E2E Networks are becoming indispensable.

On the market front, E2E Networks (E2E) last traded at ₹2291, seeing a slight dip of 2.6% before the market closed. While the market’s immediate reaction can be complex, this contract certainly underscores the company’s growing relevance in the high-demand AI sector.

This move by E2E Networks is a clear indicator of the increasing investment and focus on AI capabilities within India, promising exciting developments for the country’s technological future. Keep an eye on E2E as it continues to power the next generation of AI! ✨

source: Corporate Announcement

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