Global technology leaders gathered in New Delhi this week for a major artificial intelligence conference, announcing investment commitments totaling hundreds of billions of dollars. Indian conglomerates and international tech giants unveiled plans to build AI infrastructure and data centers across the country through 2030.
Technology executives from around the world converged in New Delhi this week for a significant artificial intelligence conference, where they announced massive financial commitments to expand AI capabilities in India.
The India AI Impact Summit produced several major investment announcements totaling hundreds of billions of dollars over the coming decade.
Leading the charge was Indian conglomerate Reliance Industries and its telecommunications division Jio, with billionaire chairman Mukesh Ambani announcing Thursday that the companies will pour $109.8 billion into artificial intelligence and data infrastructure development over the next seven years.
Another major Indian corporation, the Adani Group, revealed Tuesday its plans to spend $100 billion on renewable energy-powered AI data centers by 2035. The ports-to-power company estimates this investment will generate an additional $150 billion in related sectors, including server production and sovereign cloud platforms, ultimately creating a $250 billion AI infrastructure ecosystem throughout India over the next ten years.
Technology giant Microsoft announced Wednesday it is targeting $50 billion in investments by 2030 to expand artificial intelligence access across ‘Global South’ nations. The company had previously revealed $17.5 billion in AI investments specifically for India last year.
Indian data center company Yotta Data Services disclosed Wednesday it will construct one of Asia’s most extensive AI computing facilities using Nvidia’s newest Blackwell Ultra chips, with the project requiring more than $2 billion in funding.
In another significant development, Tata Consultancy Services announced Thursday it has secured ChatGPT creator OpenAI as the inaugural client for its data center division under the global AI infrastructure program Stargate.
Infrastructure company Larsen & Toubro also revealed a partnership proposal with Nvidia to develop AI-ready data center infrastructure, sophisticated computing platforms, and ecosystem support necessary for large-scale artificial intelligence operations.