Tech giants pledge massive AI investment in India during global summit
Feb 22nd 2026
Hyperscalers and Indian conglomerates announced record capital commitments totaling hundreds of billions as world leaders and AI executives met in India, alongside deals, supply chain pacts and a few controversies.
- Hyperscalers including Amazon, Microsoft, Meta and Alphabet signaled AI capital expenditure that could reach $700 billion this year.
- Reliance said it plans to invest about $110 billion in data centers and infrastructure while Adani outlined a $100 billion AI data center buildout over the next decade.
- Microsoft announced it is on pace to invest $50 billion in AI in the Global South by 2030, and OpenAI and AMD revealed partnerships with Tata Group.
- U.S. asset manager Blackstone participated in a $600 million equity raise for Indian AI infrastructure company Neysa, and Nvidia expanded partnerships with Indian venture capital firms.
- The summit included supply chain steps such as the Pax Silica agreement and India approving $18 billion of chip projects to boost local semiconductor capacity.
- The event saw controversies including Bill Gates withdrawing amid backlash over his past ties to Jeffrey Epstein and criticism of an Indian university claiming credit for a Chinese-made robot dog, while experts warn private capital and frontier AI leadership remain challenges for India