Catenaa, Saturday, February 21, 2026- US tech giants have committed to funneling hundreds of billions of dollars into Indian AI efforts, as a major summit in the country brought together world leaders and AI execs.
Record sums are being ploughed into AI as governments and companies across the globe race to roll out the technology. Hyperscalers, including Amazon, Microsoft, Meta, and Alphabet, announced capital expenditure plans that could hit $700 billion on AI this year.
The past week has seen Indian tech group Reliance reportedly announce plans to invest $110 billion in data centers and other infrastructure, and compatriot Adani outline a $100 billion AI data center buildout over the next decade.
There were also big announcements from US tech firms.
Microsoft said at the Indian AI Impact Summit that it was on pace to invest $50 billion in AI in the Global South by the end of the decade.
OpenAI and chipmaker AMD both announced partnerships with the Tata Group to build AI capabilities, and US asset manager Blackstone also said it had participated in a $600 million equity raise for Indian AI infrastructure Neysa.
The commitments were announced during a summit that was also marked by points of controversy. Microsoft co-founder Bill Gates withdrew from the event amid public backlash for his past relationship with deceased financier and sex predator Jeffrey Epstein.
The AI Summit came as India pushes to be one of the world’s tech superpowers. The country has approved $18 billion of chip projects as it looks to bolster its local supply chain.
Meanwhile, the US and India are edging towards a trade pact that would lower tariffs and increase economic cooperation between the two countries. Tech ties were deepened further at the event.
Representatives from both governments signed the Pax Silica agreement, a US-led initiative launched by the Trump administration aimed at securing the global supply chain for silicon-based technologies.
The potential tech groups see in the market was evident in the roster of names in attendance. OpenAI CEO Sam Altman, Alphabet CEO Sundar Pichai, Anthropic boss Dario Amodei, and Google DeepMind CEO Demis Hassabis were all on the billing.
US chip darling Nvidia announced it was expanding partnerships with venture capital firms in India as it looks to deepen exposure to promising tech companies being developed in the ecosystem.
