All the Important News from the Ongoing India AI Impact Summit

With a focus on attracting more AI investment into the country, India is hosting a four-day AI Impact Summit this week, drawing executives from major AI labs and Big Tech — including OpenAI, Anthropic, Nvidia, Microsoft, Google, and Cloudflare — along with heads of state.

The event, expected to draw 250,000 visitors, will feature appearances by Alphabet CEO Sundar Pichai, OpenAI CEO Sam Altman, Anthropic CEO Dario Amodei, Reliance Chairman Mukesh Ambani, and Google DeepMind CEO Demis Hassabis.

India’s Prime Minister Narendra Modi is scheduled to deliver a joint address with French President Emmanuel Macron on Thursday.

Here are the key updates from the event:

• India has earmarked $1.1 billion for a state-backed venture capital fund that will invest in artificial intelligence and advanced manufacturing startups across the country.

• OpenAI CEO Sam Altman said India has more than 100 million weekly active ChatGPT users, second only to the U.S. He added that Indians also represent the largest group of students using ChatGPT.

• Blackstone has acquired a majority stake in Indian AI startup Neysa as part of a $600 million equity fundraise. Teachers’ Venture Growth, TVS Capital, 360 ONE Asset, and Nexus Venture Partners also invested. The company plans to raise another $600 million in debt and deploy more than 20,000 GPUs.

• Bengaluru-based C2i, which is building a power solution for data centres, raised $15 million in a Series A round led by Peak XV, with participation from Yali Deeptech and TDK Ventures.

• HCL CEO Vineet Nayyar said Indian IT companies will prioritise turning profits rather than being job creators. The comments come as Indian IT stocks dip amid growing fears that AI could disrupt the IT services sector.

• Vinod Khosla, founder of Khosla Ventures, said industries such as IT services and BPOs (Business Process Outsourcing) could “almost completely disappear” within five years due to AI. He told Hindustan Times that 250 million young people in India should be selling AI-based products and services to the rest of the world.

• AMD is teaming up with Tata Consultancy Services (TCS) to develop rack-scale AI infrastructure built around AMD’s “Helios” platform.

• Anthropic said it is opening its first office in India in Bengaluru. The company said India is the second-largest market for Claude usage after the U.S.

• Anthropic is partnering with IT giant Infosys to deploy Claude models and tools like Claude Code to Indian enterprises. To start, the companies will roll out AI tools in the telecommunications sector through a dedicated Anthropic Centre of Excellence.

• Indian AI company Sarvam teased its upcoming smart glasses under the name Sarvam Kaze. The company has released several models in recent weeks, including a dubbing model, a speech-to-text model, a text-to-speech model, and a vision model for Optical Character Recognition (OCR).

• Indian conglomerate Adani said it is allocating $100 billion to build AI data centres in India by 2035, powered by renewable energy. The company said the move would spur an additional $150 billion in investment across areas such as server manufacturing, advanced electrical infrastructure, sovereign cloud platforms, and supporting industries.

• Voice AI company Cartesia is partnering with India-based orchestrator Blue Machines to deploy enterprise voice solutions with local data residency.

• Cohere Labs launched a family of multilingual models with open weights supporting more than 70 languages. The models can run on local devices, and the company said it has also released versions tuned to specific regions.