The Fort Worth Press - US tech giants announce India deals at AI summit

USD -
AED 3.672503
AFN 63.999525
ALL 81.442168
AMD 361.356205
ANG 1.789785
AOA 918.000161
ARS 1533.897396
AUD 1.423893
AWG 1.8025
AZN 1.698106
BAM 1.751936
BBD 2.019841
BDT 124.502291
BGN 1.747831
BHD 0.378636
BIF 3009.562199
BMD 1
BND 1.2812
BOB 12.160165
BRL 5.436496
BSD 1.002889
BTN 95.171425
BWP 13.855559
BYN 2.954181
BYR 19600
BZD 2.016885
CAD 1.39828
CDF 2314.999657
CHF 0.824645
CLF 0.025235
CLP 993.180505
CNY 6.661103
CNH 6.65047
COP 3218.67
CRC 456.02956
CUC 1
CUP 24.068509
CVE 98.772786
CZK 21.819698
DJF 178.577987
DKK 6.692302
DOP 60.786026
DZD 135.75098
EGP 55.948402
ERN 15
ETB 161.902139
EUR 0.89545
FJD 2.243694
FKP 0.746765
GBP 0.747145
GEL 2.601308
GGP 0.746765
GHS 11.683612
GIP 0.746765
GMD 74.000289
GNF 8876.049714
GTQ 7.66695
GYD 210.211851
HKD 7.845625
HNL 26.9551
HRK 6.76901
HTG 131.391307
HUF 327.662999
IDR 18178
ILS 3.14456
IMP 0.746765
INR 94.89915
IQD 1520.31173
IRR 1868415.000146
ISK 121.770252
JEP 0.746765
JMD 159.364013
JOD 0.708976
JPY 157.902998
KES 129.860389
KGS 87.4487
KHR 4091.870006
KMF 441.000151
KPW 899.999961
KRW 1344.329837
KWD 0.31117
KYD 0.835759
KZT 454.722981
LAK 22579.734941
LBP 89806.69145
LKR 333.576685
LRD 170.480349
LSL 16.713128
LTL 2.95274
LVL 0.60489
LYD 6.446758
MAD 9.860886
MDL 17.951359
MGA 4536.110178
MKD 55.157433
MMK 2099.693878
MNT 3599.326016
MOP 8.10391
MRU 40.665547
MUR 47.289846
MVR 15.450609
MWK 1738.573508
MXN 18.784603
MYR 4.067095
MZN 63.909964
NAD 16.713053
NGN 1344.520182
NIO 36.905162
NOK 9.213697
NPR 152.274101
NZD 1.78191
OMR 0.384271
PAB 1.003001
PEN 3.471087
PGK 4.563879
PHP 63.645496
PKR 277.436793
PLN 3.95285
PYG 5875.265928
QAR 3.655843
RON 4.7806
RSD 105.271644
RUB 80.749652
RWF 1480.416527
SAR 3.764539
SBD 8.058206
SCR 14.712529
SDG 601.496843
SEK 9.816305
SGD 1.27969
SHP 0.748335
SLE 22.897509
SLL 20969.504398
SOS 573.104915
SRD 37.619501
STD 20697.981008
STN 21.946031
SVC 8.775026
SYP 13001.999685
SZL 16.707648
THB 33.772503
TJS 9.231424
TMT 3.5
TND 2.999059
TOP 2.40776
TRY 49.967796
TTD 6.799808
TWD 32.679037
TZS 2643.750271
UAH 45.485612
UGX 4262.104179
UYU 40.318896
UZS 12028.32407
VES 887.479799
VND 25786.5
VUV 118.915185
WST 2.776217
XAF 587.376773
XAG 0.019993
XAU 0.000256065553
XCD 2.70255
XCG 1.807408
XDR 0.707052
XOF 587.376773
XPF 106.82886
YER 236.202996
ZAR 16.713802
ZMK 9001.200364
ZMW 20.222595
ZWL 321.999592
SSP 5745.217636
MXV 2.117127
  • RIO

    -0.3300

    97.04

    -0.34%

  • CMSC

    -0.0400

    20.67

    -0.19%

  • RELX

    0.0000

    33.41

    0%

  • RBGPF

    0.0000

    67.95

    0%

  • BCE

    -0.0700

    21.99

    -0.32%

  • BCC

    -0.0300

    75.66

    -0.04%

  • GSK

    0.8600

    51.08

    +1.68%

  • JRI

    -0.0300

    11.52

    -0.26%

  • NGG

    -0.1200

    76.68

    -0.16%

  • CMSD

    0.0900

    20.54

    +0.44%

  • BTI

    -0.0800

    55.75

    -0.14%

  • AZN

    2.0200

    168.1

    +1.2%

  • BP

    -1.4200

    43.16

    -3.29%

  • RYCEF

    0.4600

    19.7

    +2.34%

  • VOD

    0.0700

    17.02

    +0.41%

US tech giants announce India deals at AI summit

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."

H.M.Hernandez--TFWP