India is hosting a four-day AI Impact Summit to attract AI investment, featuring major AI lab and Big Tech executives from OpenAI, Anthropic, Nvidia, Microsoft, Google, and Cloudflare, along with heads of state. The summit, expecting 250,000 attendees, includes 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, will speak alongside French President Emmanuel Macron on Thursday.
Key updates:
– India allocates $1.1 billion for its state-backed venture capital fund, investing in AI and advanced manufacturing startups.
– OpenAI’s Sam Altman says India has over 100 million weekly active ChatGPT users, second only to the U.S., with the highest student usage.
– Blackstone acquires a majority stake in Indian AI startup Neysa for $600 million. Other investors include Teachers’ Venture Growth, TVS Capital, 360 ONE Asset, and Nexus Venture Partners. Neysa plans to raise another $600 million in debt and deploy over 20,000 GPUs.
– Bengaluru-based C2i raises $15 million in a Series A round for data center power solutions from Peak XV, Yali Deeptech, and TDK Ventures.
– HCL CEO Vineet Nayyar emphasizes profit over job creation, as AI disrupts the IT services sector, causing a dip in Indian IT stocks.
– Vinod Khosla predicts the possible disappearance of IT services and BPOs in five years due to AI, advocating for AI-based product and service sales globally from India.
– AMD teams with Tata Consultancy Services (TCS) to develop AI infrastructure based on AMD’s “Helios” platform.
– Anthropic opens its first Indian office in Bengaluru and partners with Infosys to deploy Claude models in Indian enterprises, starting with telecommunications.
– Indian AI firm Sarvam teases Sarvam Kaze smart glasses, featuring several models including speech-to-text and vision models for OCR.
A Twitter post from Pratyush Kumar announces Sarvam Kaze.
– Indian conglomerate Adani plans $100 billion investment in AI data centers using renewable energy by 2035, expecting an additional $150 billion investment in related sectors.
– Voice AI company Cartesia collaborates with Blue Machines to deploy voice solutions with local data residency.
– Cohere Labs launches multilingual models supporting over 70 languages, running on local devices.
– OpenAI plans additional offices in Bengaluru and Mumbai, partnering with the Tata group for compute deployment in India, aiming for 1 gigawatt capacity.
– India’s tech minister Ashwini Vaishnaw aims to attract over $200 billion in AI infrastructure investment within two years.
– Vibe-coding startup Emergent reports $100M ARR and launches a mobile app.
– Indian AI startup Sarvam releases two open-source models: Sarvam 30B and Sarvam 105B and partners with Qualcomm, HMD, and Bosch for AI model deployment on various devices.
– Voice AI startup Gnani releases Vachana, a zero-shot voice cloning text-to-speech model supporting 12 languages.
– AI consortium BharatGen releases Param 2, a 17 billion parameter model supporting 22 languages.
– Streaming service JioHotstar uses ChatGPT for content discovery with conversational search.