Hours after Nuevo León’s Governor Samuel García introduced that Nvidia had plans to take a position US $1 billion to construct a knowledge heart within the state, the U.S. chip firm publicly denied these plans.
“Nvidia doesn’t have monetary funding plans in Nuevo Leon,” the corporate mentioned in an announcement to Reuters. “The corporate’s help for digital transformation and technological progress in Latin America relies solely on cooperation initiatives, analysis and expertise growth.”
García first introduced Nvidia’s supposed funding throughout an Synthetic Intelligence occasion dubbed Mexico IA+ Accelerated Funding, organized by the Ministry of Financial system. The announcement was posted on García’s official X account, through which he seems alongside Nvidia executives.
“Nvidia, the main software program and Synthetic Intelligence firm, is coming to our state with a $1 billion funding,” García mentioned within the video, as he defined that the funding would fund Mexico’s first Inexperienced Information Heart for Synthetic Intelligence.
The US $1 billion funding is going on, however not by way of Nvidia
Following Nvidia’s denial, the communication workforce of the Nuevo León authorities clarified García’s announcement. They confirmed that the US $1 billion funding will certainly come to Nuevo León, however might be performed by way of Mexican AI firm Cipre Holdings, an organization that plans to construct a inexperienced hydrogen information heart within the state.
Representatives from Cipre Holding defined to newspaper El Economista that whereas the funding is for certain, “Nvidia is not going to make investments. It’s us, non-public corporations, who will make investments.”
“What Nvidia supplies is expertise and infrastructure that we determined to accumulate with a purpose to implement and develop their options for our corporations, governments and all those that require such a synthetic intelligence infrastructure,” Jessica Peña, director of Mexico IA+ Accelerated Funding and consultant of Cipre Holding mentioned.
Though the info heart might be situated in Nuevo León, Peña defined it would present providers to customers each in Mexico and overseas.
Whereas Nuevo León does often appeal to main tech and nearshoring investments, this isn’t the primary main announcement by García that didn’t go as anticipated.
In March 2023, the Nuevo León governor introduced that Tesla would make investments greater than US $4 billion to construct a “giga-factory” within the municipality of Santa Catarina close to Monterrey.
Tesla CEO Elon Musk mentioned in October of that very same yr, that he was not able to “go full tilt” on development given world financial situations. On the time, he mentioned the primary section of development would start in early 2024.
Nonetheless, the venture remains to be on maintain.
With stories from El País and El Economista
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