In a bid to attract increased AI investment to the nation, India is organizing a four-day AI Impact Summit this week, featuring participation from executives of leading AI laboratories and major technology firms, such as OpenAI, Anthropic, Nvidia, Microsoft, Google, and Cloudflare, in addition to state leaders.

The gathering, which anticipates 250,000 attendees, will include Alphabet CEO Sundar Pichai, OpenAI CEO Sam Altman, Anthropic CEO Dario Amodei, Reliance Chairman Mukesh Ambani, and Google DeepMind CEO Demis Hassabis among its guests.

Narendra Modi, the Prime Minister of India, is set to address the audience alongside French President Emmanuel Macron on Thursday.

Here are the main highlights from the summit:

• India has allocated $1.1 billion for its state-supported venture capital fund, which aims to invest in AI and advanced manufacturing startups throughout the nation.
• Sam Altman, CEO of OpenAI, mentioned that India has over 100 million weekly active users of ChatGPT, making it second only to the U.S. He added that a significant number of students utilizing ChatGPT are from India.
• Blackstone has acquired a controlling stake in the Indian AI startup Neysa as part of a $600 million equity funding round, with investment from Teachers’ Venture Growth, TVS Capital, 360 ONE Asset, and Nexus Venture Partners. The company plans another $600 million debt raise and the deployment of over 20,000 GPUs.
• C2i, based in Bengaluru and focused on power solutions for data centers, secured $15 million in a Series A funding round from Peak XV, with participation from Yali Deeptech and TDK Ventures.
• HCL CEO Vineet Nayyar commented that Indian IT companies will prioritize generating profits over creating jobs, amid a downturn in Indian IT stocks due to growing concerns over AI’s impact on the IT services industry.
• Vinod Khosla, founder of Khosla Ventures, stated that sectors such as IT services and BPOs (Business Process Outsourcing) could “almost completely vanish” in the next five years due to AI. He conveyed to Hindustan Times that 250 million young Indians should be engaged in selling AI-driven products and services globally.
• AMD is collaborating with Tata Consultancy Services (TCS) to create rack-scale AI infrastructure utilizing AMD’s “Helios” platform.
• Anthropic announced the opening of its inaugural office in Bengaluru, India, stating that the country is the second-largest user of Claude after the United States.
• Anthropic is partnering with Infosys to implement Claude models and tools like Claude code within Indian businesses, initially focusing on the telecommunications industry with a dedicated Anthropic Center of Excellence.
• Sarvam, an AI company from India, has teased its forthcoming smart glasses named Sarvam Kaze. In recent weeks, the company has introduced various models, including those for dubbing, speech-to-text, text-to-speech, and Optical Character Recognition (OCR).

• Adani, an Indian conglomerate, announced that it is earmarking $100 billion to build AI data centers powered by renewable energy in India by 2035. The company noted that this investment is expected to generate an additional $150 billion in areas such as server manufacturing, advanced electrical infrastructure, sovereign cloud platforms, and supporting industries.
• Voice AI firm Cartesia is collaborating with India-based orchestrator Blue Machines to implement voice solutions for enterprises with local data residency.
• Cohere Labs has unveiled a collection of multilingual models with open weights supporting over 70 languages that can operate on local devices. The company has also introduced regionally tuned models.
• OpenAI has announced plans to establish two new offices in India, located in Bengaluru and Mumbai.
• OpenAI has also partnered with the Tata group to deploy 100 megawatts of compute resources in India, with plans to scale up to 1 gigawatt.
• India’s technology minister Ashwini Vaishnaw expressed that the country aims to attract over $200 billion in investments for AI infrastructure in the next two years.
• Emergent, an Indian vibe-coding startup, reported that it has achieved $100 in annual recurring revenue and launched a mobile application.
• The Indian AI firm Sarvam has released two new open-source models: Sarvam 30B and Sarvam 105B.
• Sarvam has also announced a collaboration with Qualcomm, HMD, and Bosch to implement its AI models on devices including smartphones, feature phones, vehicles, laptops, and smart glasses.
• Voice AI startup Gnani has launched a zero-shot voice cloning text-to-speech model named Vachana, which supports 12 languages.
• BharatGen, a government-supported AI consortium, introduced a 17 billion parameter model named Param 2 that is functional across 22 languages.
• Streaming service JioHotstar announced plans to incorporate ChatGPT for content discovery using conversational search.
• Sarvam has introduced its ChatGPT rival, Indus, which supports several Indian languages.
• OpenAI disclosed that users aged 18-24 in India account for nearly 50% of the usage of ChatGPT in the country.
• Tech Mahindra, an Indian technology company, launched an 8 billion parameter model oriented towards Hindi for educational applications.
• G42 from the UAE has collaborated with U.S.-based chip manufacturer Cerebras to deploy 8 exaflops of compute power in India via a supercomputer. The project also involves Abu Dhabi’s Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) and India’s Centre for Development of Advanced Computing (C-DAC).
• During the AI summit in India, Sam Altman remarked that worries regarding the water usage of AI are “totally fake,” but he recognized the relevance of water consumption in terms of “previously used evaporative cooling methods in data centers.”
• Interestingly, he added that humans consume a significant amount of energy as they grow and interact with their environment, asserting that criticisms of ChatGPT’s energy consumption are “unfair.”

“However, training a human also demands a considerable amount of energy,” Altman noted. “It requires around 20 years of life and all the food consumed during that period before achieving intelligence.”

• India reported that more than 88 countries and organizations have endorsed the New Delhi AI declaration, committing to harnessing AI for social and economic benefits. This includes the U.S., China, and Russia.
• India has joined the Pax Silica coalition led by the U.S., aiming to establish a streamlined supply chain network for materials essential in developing AI infrastructure. Other participants include the U.K, United Arab Emirates, Singapore, Qatar, Japan, Israel, South Korea, and Australia.