"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."
"India earmarks $1.1 billion for its state-backed venture capital fund. The fund will invest in artificial intelligence and advanced manufacturing startups across the country. 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."
India is hosting a four-day AI Impact Summit attended by executives from OpenAI, Anthropic, Nvidia, Microsoft, Google, Cloudflare, and heads of state, with 250,000 visitors expected. Prime Minister Narendra Modi will speak with French President Emmanuel Macron. India earmarks $1.1 billion for a state-backed venture capital fund to invest in AI and advanced manufacturing startups. OpenAI CEO Sam Altman said India has more than 100 million weekly active ChatGPT users and the most student users. Blackstone bought a majority stake in Neysa in a $600 million equity raise; Neysa plans another $600 million in debt and to deploy over 20,000 GPUs. Bengaluru-based C2i raised $15 million. HCL's CEO said Indian IT firms will prioritize profits over job creation. Vinod Khosla warned IT services and BPOs could nearly disappear within five years.
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