Tech majors commit billions of dollars to India at AI summit

Senior executives from global artificial intelligence firms joined world leaders in India this week for a major AI summit. Here ‌is a list of all the major deals struck during the India ‌AI Impact Summit in New Delhi. India’s Reliance Industries, Jio to invest $110 billion Conglomerate Reliance Industries and its telecom arm Jio will invest $109.8 billion over the next seven years to build artificial intelligence and data infrastructure, its billionaire chairman Mukesh Ambani said on Thursday.

India’s Adani Group to commit $100 billion for AI data centres through 2030 The ports-to-power Adani Group ‌said on Tuesday it would ⁠invest $100 billion for renewable energy-powered AI data centres by 2035. Adani said that the investment is expected to trigger an additional $150 billion ⁠across related industries, including server manufacturing and sovereign cloud platforms. Together, this is projected to create a $250 billion AI infrastructure ecosystem in India over the decade, it added.

Microsoft to invest $50 billion in ‘Global South’ by 2030 Microsoft on Wednesday said it is on pace ‌to invest $50 billion by the end of the decade to help expand AI to countries across the ‘Global South’. The firm had unveiled $17.5 billion worth of AI investments in India last year. Indian data centre firm Yotta commits $2 billion for AI hub