EconomyLens.com
No Result
View All Result
Saturday, April 4, 2026
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Other

US tech giants announce India deals at AI summit

Emma Reilly by Emma Reilly
February 19, 2026
in Other
Reading Time: 7 mins read
A A
1
31
SHARES
384
VIEWS
Share on FacebookShare on Twitter

This week's AI Impact Summit is the fourth annual international gathering to discuss how to govern the fast-evolving technology. ©AFP

New Delhi (AFP) – 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. 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.

Related

War in the Middle East: latest developments

Mideast war presents ‘serious risk’ for Africa: report

European drivers choke on rising diesel prices

French, Japanese ships cross Strait of Hormuz in first since war

Iran hunts crew member of crashed US jet after one reported rescued

“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.”

© 2024 AFP

Tags: AIcloud computinginfrastructure
Share12Tweet8Share2Pin3Send
Previous Post

Global stocks, oil rise tracking company earnings, data

Next Post

Germany’s Merz casts doubt on European fighter jet plan

Emma Reilly

Emma Reilly

Related Posts

Other

Iranian media says US jet shot down, bounty offered for pilot

April 3, 2026
Other

Middle East war: global economic fallout

April 4, 2026
Other

Israel under fire as Trump warns of destroying Iranian infrastructure

April 3, 2026
Other

Streaming channel for pets launched in China

April 3, 2026
Other

‘Breathtaking’: Artemis astronauts blast towards Moon

April 3, 2026
Other

Artemis astronauts blast towards Moon on historic mission

April 2, 2026
Next Post

Germany's Merz casts doubt on European fighter jet plan

Glencore still open to 'mega-miner' deal after Rio collapse

Zuckerberg tells jury regrets slow progress on spotting under-13s on Instagram

Zuckerberg tells jury regrets slow progress on spotting under-13s on Instagram

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
1 Comment
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

New York ruling deals Trump business a major blow

97

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

War in the Middle East: latest developments

April 4, 2026

Erdogan, Zelensky discuss energy security, peace efforts

April 4, 2026

Mideast war presents ‘serious risk’ for Africa: report

April 4, 2026

European drivers choke on rising diesel prices

April 4, 2026
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.