San Jose, March 19 -- Mumbai-based data centre and on-cloud AI infrastructure provider, Yotta Data Services, is looking to raise funds to complete its order of over 16,000 GPUs from Nvidia, including the newly-announced 'Blackwell' AI-training GPU. Speaking in an interview with Mint, Sunil Gupta, cofounder and chief executive of Yotta, confirmed that the company will make an announcement on the matter "in the coming days", and that it will "dilute equity holdings" for the funding sequence.

Gupta, however, neither confirmed nor denied if it plans for an initial public offering (IPO) in the coming days. Talks of the company's funding efforts have reached the final stages, he affirmed, without clarifying if Yotta is taking a private equity ...