The China Mail - US tech giants announce India deals at AI summit

USD -
AED 3.672505
AFN 65.500338
ALL 80.118822
AMD 365.101228
ANG 1.789783
AOA 917.999972
ARS 1487.747498
AUD 1.404021
AWG 1.80125
AZN 1.717591
BAM 1.689027
BBD 2.009905
BDT 122.501501
BGN 1.696366
BHD 0.376353
BIF 2983.311384
BMD 1
BND 1.276452
BOB 11.630749
BRL 5.2158
BSD 0.997902
BTN 95.172426
BWP 13.444507
BYN 3.035115
BYR 19600
BZD 2.007055
CAD 1.38562
CDF 2272.999718
CHF 0.808925
CLF 0.023226
CLP 914.095038
CNY 6.743197
CNH 6.738775
COP 3124.9
CRC 448.981178
CUC 1
CUP 26.5
CVE 95.223908
CZK 20.87605
DJF 177.708307
DKK 6.444315
DOP 58.413323
DZD 132.718987
EGP 50.221796
ERN 15
ETB 161.425894
EUR 0.86207
FJD 2.20175
FKP 0.738997
GBP 0.73765
GEL 2.609879
GGP 0.738997
GHS 10.927886
GIP 0.738997
GMD 73.503518
GNF 8766.165073
GTQ 7.61376
GYD 208.747317
HKD 7.84485
HNL 26.751064
HRK 6.495397
HTG 130.529588
HUF 312.274995
IDR 17799.9
ILS 2.948025
IMP 0.738997
INR 95.604101
IQD 1307.282109
IRR 1374587.498726
ISK 122.589873
JEP 0.738997
JMD 158.0345
JOD 0.709015
JPY 159.125983
KES 129.550305
KGS 87.450266
KHR 4038.118596
KMF 427.000145
KPW 900.000294
KRW 1410.704973
KWD 0.30865
KYD 0.831624
KZT 463.058356
LAK 22523.133255
LBP 89358.962735
LKR 332.07394
LRD 181.117151
LSL 16.144443
LTL 2.95274
LVL 0.60489
LYD 6.354251
MAD 9.255973
MDL 17.3033
MGA 4296.404406
MKD 53.102195
MMK 2099.787271
MNT 3596.151184
MOP 8.065977
MRU 40.077551
MUR 46.930351
MVR 15.450332
MWK 1730.479427
MXN 17.005101
MYR 4.0561
MZN 63.909774
NAD 16.144304
NGN 1358.202409
NIO 36.728702
NOK 9.40789
NPR 152.279341
NZD 1.68877
OMR 0.384506
PAB 0.997958
PEN 3.365905
PGK 4.482884
PHP 61.509883
PKR 277.181559
PLN 3.71355
PYG 5989.818345
QAR 3.637965
RON 4.5182
RSD 101.198712
RUB 85.101509
RWF 1467.47555
SAR 3.746487
SBD 8.048583
SCR 13.867918
SDG 600.506089
SEK 9.489875
SGD 1.275855
SHP 0.740866
SLE 24.497745
SLL 20969.499227
SOS 570.305922
SRD 37.974503
STD 20697.981008
STN 21.157898
SVC 8.731622
SYP 13001.999906
SZL 16.14239
THB 32.994982
TJS 9.215989
TMT 3.51
TND 2.925732
TOP 2.40776
TRY 47.899602
TTD 6.760999
TWD 31.801498
TZS 2649.997988
UAH 44.643485
UGX 3707.397956
UYU 39.984283
UZS 11880.324535
VES 770.109096
VND 26205
VUV 117.328472
WST 2.734491
XAF 566.469052
XAG 0.015248
XAU 0.000227
XCD 2.70255
XCG 1.798484
XDR 0.707052
XOF 566.473944
XPF 102.991023
YER 237.211333
ZAR 16.170115
ZMK 9001.199219
ZMW 18.860674
ZWL 321.999592
  • RBGPF

    0.0000

    71.34

    0%

  • CMSC

    -0.0250

    21.45

    -0.12%

  • GSK

    -0.4785

    49.52

    -0.97%

  • AZN

    -0.7900

    156.45

    -0.5%

  • BP

    0.2196

    42.53

    +0.52%

  • BCE

    0.1500

    23.47

    +0.64%

  • RIO

    -0.4100

    95.68

    -0.43%

  • CMSD

    -0.0100

    21.58

    -0.05%

  • NGG

    -0.1500

    81.05

    -0.19%

  • BTI

    -0.2900

    57.06

    -0.51%

  • RYCEF

    0.1300

    20.84

    +0.62%

  • RELX

    -0.2400

    34.43

    -0.7%

  • VOD

    0.2000

    16.42

    +1.22%

  • BCC

    -0.8900

    83.24

    -1.07%

  • JRI

    0.0635

    12.61

    +0.5%

US tech giants announce India deals at AI summit
US tech giants announce India deals at AI summit / Photo: © AFP

US tech giants announce India deals at AI summit

Google said it would build new subsea cables from India and chip titan Nvidia unveiled tie-ups with computing firms on Wednesday as tech giants rushed to announce deals and investments at a global AI conference in New Delhi.

Text size:

This week's AI Impact Summit is the fourth annual gathering to discuss how to govern the fast-evolving technology -- and also an opportunity for India to raise its profile in the booming sector.

"India's going to have an extraordinary trajectory with AI and we want to be a partner," Google CEO Sundar Pichai told reporters as the US firm unveiled a plan to boost connectivity to the South Asian country.

New direct undersea connections from India to Singapore, South Africa and Australia will be constructed, it said, touting faster connections as demand for computing power, including AI, ramps up.

It is part of Google's $15 billion investment announced in October to construct its largest AI data centre hub outside the United States, in Visakhapatnam, a port city in the southeastern state of Andhra Pradesh.

Also on Wednesday, the California-based Nvidia -- the world's most valuable company -- said it was teaming up with three Indian cloud computing providers to provide advanced processors for data centres that can train and run AI systems.

Dozens of world leaders and ministerial delegations are in New Delhi for the summit to discuss the opportunities and threats, from job losses to misinformation, that AI poses.

Last year India leapt to third place -- overtaking South Korea and Japan -- in an annual global ranking of AI competitiveness calculated by Stanford University researchers.

But despite its plans for large-scale infrastructure and grand ambitions for innovation, experts say the country has a long way to go before it can rival the United States and China.

- 'Power India's growth' -

The AI conference has brought a flurry of deals, with IT minister Ashwini Vaishnaw saying Tuesday that India expects more than $200 billion in investments over the next two years, including roughly $90 billion already committed.

Mumbai cloud and data centre provider L&T said Wednesday it was teaming up with Nvidia to build what it touted as "India's largest gigawatt-scale AI factory".

"We are laying the foundation for world-class AI infrastructure that will power India's growth," said Nvidia boss Jensen Huang in a statement that did not put a figure on the investment.

Nvidia is also working with other Indian AI infrastructure players such as Yotta, which announced a $2 billion deal with the US company that will provide it with 20,000 top-end AI processors.

Nvidia's Huang is not attending the AI summit but other top US tech figures joining include OpenAI's Sam Altman, Meta chief AI officer Alexandr Wang and Microsoft founder Bill Gates.

Microsoft said it was investing $50 billion this decade to boost AI adoption in developing countries, while US artificial intelligence startup Anthropic and Indian IT giant Infosys said they would build AI agents for the telecoms industry.

Indian Prime Minister Narendra Modi and other world leaders including French President Emmanuel Macron and Brazil's Luiz Inacio Lula da Silva are expected to deliver a statement at the end of the week about how they plan to address concerns raised by AI technology.

But experts say the broad focus of the event and vague promises made at previous global AI summits in France, South Korea and Britain mean that concrete commitments are unlikely.

Nick Patience, practice lead for AI at tech research group Futurum, told AFP that nonbinding declarations could still "set the tone for what acceptable AI governance looks like".

But "the largest AI companies deploy capabilities at a pace that makes 18-month legislative cycles look glacial," Patience said.

"So it's a case of whether governments can converge fast enough to create meaningful guardrails before de facto standards are set by the companies themselves."

A.Sun--ThChM