What happened
India's AI Impact Summit secured major commitments: $1.1 billion for a state-backed AI/manufacturing VC fund, and Adani's $100 billion for renewable AI data centres by 2035. OpenAI opened two India offices, partnered with Tata for 100 MW compute, and reported 100 million weekly ChatGPT users. Anthropic opened its first India office, partnering with Infosys. Blackstone led a $600 million equity fundraise for Neysa, planning $600 million debt for 20,000+ GPUs. AMD/TCS are developing rack-scale AI infrastructure; G42/Cerebras will deploy 8 exaflops of compute.
Why it matters
India's substantial investment and infrastructure commitments signal its intent to become a global AI compute and development hub, shifting the landscape for global cloud providers and hardware manufacturers. Procurement teams will face new options for sovereign AI infrastructure and model deployment, potentially reducing reliance on established Western providers. Founders and investors will find a rapidly expanding domestic market and talent pool, but also increased competition from state-backed initiatives and large conglomerates.
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