Tech Giants Pledge Massive Spending Spree at India AI Impact Summit

Global artificial intelligence leaders and world officials gathered in New Delhi this week for the India AI Impact Summit, where companies announced a wave of big-ticket investments and partnerships. Reliance Industries and its telecom unit Jio said they will invest $109.8 billion over seven years to build AI and data infrastructure. Adani Group announced $100 billion for renewable-powered AI data centres through 2035 and said related spending could reach $250 billion across the decade. Microsoft said it is on pace to invest $50 billion in the “Global South” by 2030. Yotta Data Services committed more than $2 billion for an AI computing hub using Nvidia Blackwell Ultra chips. TCS signed OpenAI as a data centre customer, while L&T and Nvidia announced plans for India’s largest AI factory.