India cobbles together $200 billion-plus for data-center investment | Fortune
Briefly

India cobbles together $200 billion-plus for data-center investment | Fortune
"India is hoping to garner as much as $200 billion in investments for data centers over the next few years as it scales up its ambitions to become a hub for artificial intelligence, the country's minister for electronics and information technology said Tuesday. The investments underscore the reliance of tech titans on India as a key technology and talent base in the global race for AI dominance."
"In October, Google announced a $15 billion investment plan in India over the next five years to establish its first artificial intelligence hub in the South Asian country. Microsoft followed two months later with its biggest-ever Asia investment announcement of $17.5 billion to advance India's cloud and artificial intelligence infrastructure over the next four years. Amazon too has committed $35 billion investment in India by 2030 to expand its business, specifically targeting AI-driven digitization."
""Today, India is being seen as a trusted AI partner to the Global South nations seeking open, affordable and development-focused solutions," Ashwini Vaishnaw told The Associated Press in an email interview, as New Delhi hosts a major AI Impact Summit this week drawing participation from at least 20 global leaders and a who's who of the tech industry. Vaishnaw said India's pitch is that artificial intelligence must deliver measurable impacts at scale rather than remain an elite technology."
India plans to secure up to $200 billion in data center investments as it seeks to become a major artificial intelligence hub. Major technology companies are committing large capital: Google announced $15 billion over five years to establish an AI hub; Microsoft pledged $17.5 billion to advance cloud and AI infrastructure; Amazon committed $35 billion by 2030 targeting AI-driven digitization. These investments position India as a key technology and talent base and bring high-value infrastructure and foreign capital to accelerate digital transformation. New Delhi hosts an AI Impact Summit with participation from at least 20 global leaders. The national pitch emphasizes AI delivering measurable, scalable impacts rather than elite applications.
Read at Fortune
Unable to calculate read time
[
|
]