With an eye fixed in the direction of luring extra AI funding to the nation, India is internet hosting a four-day AI Influence Summit this week that will probably be attended by executives from main AI labs and Huge Tech, together with OpenAI, Anthropic, Nvidia, Microsoft, Google, and Cloudflare, in addition to heads of state.
The occasion, which expects 250,000 guests, 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’s prime minister, Narendra Modi, is scheduled to ship a speech with French President Emmanuel Macron on Thursday.
Listed below are all the important thing updates from the occasion:
- India earmarks $1.1 billion for its state-backed enterprise capital fund. The fund will spend money on synthetic intelligence and superior manufacturing startups throughout the nation.
- OpenAI CEO Sam Altman stated India accounts for greater than 100 million weekly lively ChatGPT customers, second solely to the U.S. He additionally stated Indians additionally account for essentially the most college students utilizing ChatGPT.
- Blackstone has picked up a majority stake in Indian AI startup Neysa as a part of a $600 million fairness fundraise. Lecturers’ Enterprise Development, TVS Capital, 360 ONE Asset, and Nexus Enterprise Companions additionally invested. The corporate now plans to lift one other $600 million in debt, and deploy greater than 20,000 GPUs.
- Bengaluru-based C2i, which is constructing an influence answer for knowledge facilities, raised $15 million in a Sequence A spherical from Peak XV, with participation from Yali Deeptech and TDK Ventures.
- HCL CEO Vineet Nayyar stated Indian IT firms will focus on turning profits and not being job creators. These feedback come as Indian IT stocks dip as fears of AI disrupting the IT providers sector burgeon.
- Vinod Khosla, founding father of Khosla Ventures, stated that industries like IT providers and BPOs (Enterprise Course of Outsourcing) can “virtually fully disappear” inside 5 years due to AI. He instructed Hindustan Times that 250 million younger folks in India must be promoting AI-based services and products to the remainder of the world.
- AMD is teaming up with Tata Consultancy Companies (TCS) to develop rack-scale AI infrastructure based mostly on AMD’s “Helios” platform.
- Anthropic stated that it’s opening its first workplace in India within the metropolis of Bengaluru. The corporate stated that the nation is the second greatest consumer of Claude afte the U.S.
