BENGALURU, India (Diya TV) — India is making a bold push to become a global hub for artificial intelligence as it hosts the four-day AI Impact Summit this week. The event has drawn top executives from leading AI labs and Big Tech firms. It has also attracted global investors and heads of state.
With more than 250,000 visitors expected, the India AI Summit highlights the country’s growing influence in artificial intelligence, AI startups,s and advanced manufacturing. Leaders from the United States and Europe have joined Indian policymakers and business executives to discuss the future of AI innovation.
The summit features high-profile speakers, including 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. Their appearance signals strong international interest in India’s AI strategy.
The summit aims to attract foreign investment, support local AI startups, and strengthen India’s digital economy. Government officials say India wants to become a leading destination for AI research, development, and deployment.
In a major announcement, the Indian government earmarked $1.1 billion for a state-backed venture capital fund. The fund will invest in artificial intelligence and advanced manufacturing startups across the country.
Officials say the move will help early-stage companies scale faster. It will also support India’s push to build homegrown AI tools and data infrastructure. Industry leaders welcomed the announcement, calling it a strong signal to global investors.
During the summit, Sam Altman said India now accounts for more than 100 million weekly active ChatGPT users. He noted that India ranks second only to the United States in weekly usage. He also said Indian students represent the largest group of ChatGPT users worldwide. Altman’s comments underline India’s growing digital adoption. With its large population and expanding internet access, India has become a key market for AI companies.
Private investors also announced major deals at the summit. Blackstone 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 joined the round.
Neysa plans to raise another $600 million in debt. The company aims to deploy more than 20,000 GPUs to expand its AI infrastructure. The move reflects rising demand for AI data centers and computing power in India.
Bengaluru-based startup C2i secured $15 million in a Series A funding round led by Peak XV. Yali Deeptech and TDK Ventures also participated. C2i develops power solutions for data centers, a critical need as AI workloads increase energy demand.
While the summit focused on growth, some leaders warned about disruption. HCL CEO Vineet Nayyar said Indian IT companies will prioritize profits over job creation. His comments come as Indian IT stocks face pressure amid fears that AI could disrupt the IT services sector.
Investor Vinod Khosla, founder of Khosla Ventures, delivered a sharper warning. He said industries such as IT services and business process outsourcing could “almost completely disappear” within five years because of AI. He urged India’s 250 million young people to build and sell AI-based products and services globally.
Chipmaker AMD announced a partnership with Tata Consultancy Services to develop rack-scale AI infrastructure. The companies will build systems based on AMD’s “Helios” platform. The partnership aims to support large-scale AI deployments across industries.
Anthropic also revealed plans to open its first office in India, choosing Bengaluru as its base. The company said India ranks as the second-largest market for its Claude AI model after the United States. The move signals strong demand for generative AI tools in the country.
