Tech titans pledge hundreds of billions to fuel India’s AI ambitions

Global technology companies stepped up commitments to India’s artificial-intelligence buildout, aligning with New Delhi’s bid for tech superpower status. Domestic conglomerates Reliance and Adani outlined roughly $210 billion combined for data centers and AI infrastructure over the next decade, while Microsoft said it is on pace to invest $50 billion in AI across the Global South by 2030. OpenAI and AMD unveiled partnerships with Tata Group, and Blackstone joined a $600 million funding round for AI infrastructure firm Neysa. The summit coincided with India’s approval of $18 billion in chip projects and deepening U.S.-India tech ties, including a new silicon supply-chain initiative. Despite record capex from hyperscalers and turnout from AI leaders, investors warned that venture and private equity funding for Indian AI startups remains thin, and analysts cautioned that structural business hurdles persist.

Read more