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The fourth annual AI Impact Summit in New Delhi has become a catalyst for massive industrial shifts, highlighted by U.S. chip giant Nvidia’s series of high-profile partnerships with Indian firms.
On Wednesday, Mumbai-based L&T announced a collaboration with Nvidia to construct what it describes as “India’s largest gigawatt-scale AI factory.”
While a specific investment figure was not disclosed, Nvidia CEO Jensen Huang confirmed that the project would lay the groundwork for world-class infrastructure, utilising advanced processors to provide 70 megawatts of data centre capacity across Chennai and Mumbai.
This flurry of deals is part of an aggressive push to position India as a global leader in the “AI decade.”
Infrastructure provider Yotta joined the momentum by announcing a $2 billion plan to deploy over 20,000 of Nvidia’s cutting-edge Blackwell processors.
These developments are further bolstered by the Adani Group’s staggering commitment to invest $100 billion by 2035 in “hyperscale AI-ready data centres.”
Collectively, these moves have propelled India to third place in global AI competitiveness rankings, overtaking long-standing tech hubs like South Korea and Japan.
The summit has also drawn a significant diplomatic and corporate contingent, including world leaders like Emmanuel Macron and tech pioneers such as Sam Altman and Bill Gates.
Discussions have ranged from the economic potential of the technology to the pressing threats of misinformation and job displacement.
Microsoft and Anthropic also used the platform to announce multi-billion-dollar initiatives aimed at boosting AI adoption in developing nations and creating specialised AI agents for the telecommunications industry.
Despite the optimism and the projected $200 billion in total investments over the next two years, experts remain cautious about India’s ability to rival the U.S. and China in the near term.
Analysts pointed out that the pace of corporate innovation continues to vastly outstrip the speed of government legislation.
As Prime Minister Modi and other leaders prepare to issue a joint statement on AI governance later this week, the challenge remains whether international guardrails can be established before the industry’s own “de facto” standards become impossible to regulate.
