India Launches Massive AI Push with $1.1 Billion Fund as Tech Giants Flock to 250,000-Person Summit
Summary
India launches a massive $1.1 billion AI investment fund while hosting a four-day summit attracting 250,000 visitors and executives from OpenAI, Anthropic, Nvidia, Microsoft, and Google, as major deals emerge including Blackstone's $600 million investment in AI startup Neysa and Anthropic opens its first India office in Bengaluru.
Key Points
- India hosts a four-day AI Impact Summit with 250,000 expected visitors and executives from OpenAI, Anthropic, Nvidia, Microsoft, and Google attending to attract AI investment to the country
- India earmarks $1.1 billion for its state-backed venture capital fund targeting AI and advanced manufacturing startups, while OpenAI reports over 100 million weekly active ChatGPT users in India
- Major deals emerge including Blackstone's $600 million investment in AI startup Neysa and Anthropic's announcement of opening its first India office in Bengaluru