"With an eye toward luring more AI investment to the country, India is hosting a four-day AI Impact Summit this week that will be attended by executives from major AI labs and Big Tech, including OpenAI, Anthropic, Nvidia, Microsoft, Google, and Cloudflare, as well as heads of state. The event, which expects 250,000 visitors, will see Alphabet CEO Sundar Pichai, OpenAI CEO Sam Altman, Anthropic CEO Dario Amodei, Reliance Chairman Mukesh Ambani, and Google DeepMind CEO Demis Hassabis in attendance."
"OpenAI CEO Sam Altman said India accounts for more than 100 million weekly active ChatGPT users, second only to the U.S. He also said Indians account for the most students using ChatGPT. Blackstone has picked up a majority stake in Indian AI startup Neysa as part of a $600 million equity fundraise. Teachers' Venture Growth, TVS Capital, 360 ONE Asset, and Nexus Venture Partners also invested. The company now plans to raise another $600 million in debt, and deploy more than 20,000 GPUs."
India is hosting a four-day AI Impact Summit to attract AI investment and expects 250,000 visitors. Major AI labs and Big Tech executives and heads of state are attending. The government earmarked $1.1 billion for a state-backed venture capital fund to invest in AI and advanced manufacturing startups nationwide. OpenAI reports over 100 million weekly active ChatGPT users in India, with strong student adoption. Blackstone acquired a majority stake in Neysa through a $600 million equity raise; Neysa plans additional debt fundraising and GPU deployment. Indian startups and data-center firms also announced new funding rounds, while industry leaders warned of potential job disruption in IT services and BPOs.
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