Home / Business and Economy / India AI Summit: Giants Pledge $250B+!
India AI Summit: Giants Pledge $250B+!
19 Feb
Summary
- Reliance and Jio to invest over $109 billion in AI infrastructure.
- Adani Group commits $100 billion for AI data centers by 2035.
- Microsoft pledges $50 billion for AI expansion in the Global South.
The India AI Impact Summit in New Delhi saw major global artificial intelligence firms and world leaders forging significant deals. Indian conglomerate Reliance Industries and its telecom arm Jio announced an ambitious investment of $109.8 billion over the next seven years to bolster AI and data infrastructure.
The Adani Group committed $100 billion by 2035 towards renewable energy-powered AI data centers. This investment is anticipated to spur an additional $150 billion in related industries, creating a projected $250 billion AI infrastructure ecosystem in India within the decade.
Microsoft announced its commitment to invest $50 billion by the end of the decade to broaden AI accessibility in the 'Global South.' This initiative builds upon its prior investments, including $17.5 billion in India last year.
Further investments include Indian data center firm Yotta Data Services pledging over $2 billion for an AI computing hub, and Larsen & Toubro partnering with Nvidia to construct India's largest AI data center infrastructure. Tata Consultancy Services also announced OpenAI as a key customer for its data center services.
