India AI Impact Summit 2026: Major Announcements from OpenAI, Google, and Tech Giants

India is hosting a strategic four-day AI Impact Summit this week, aimed at attracting significant artificial intelligence investment to the country. The event has drawn C-level executives from leading AI laboratories and major technology corporations, including OpenAI, Anthropic, Nvidia, Microsoft, Google, and Cloudflare, alongside government officials and heads of state.

The summit, which anticipates 250,000 attendees, features prominent industry leaders including Alphabet CEO Sundar Pichai, OpenAI CEO Sam Altman, Anthropic CEO Dario Amodei, Reliance Chairman Mukesh Ambani, and Google DeepMind CEO Demis Hassabis. India's Prime Minister Narendra Modi is scheduled to deliver a keynote address alongside French President Emmanuel Macron on Thursday.

Key Announcements and Developments:

Government Investment and Policy

The Indian government has allocated $1.1 billion for its state-backed venture capital fund, specifically targeting investments in artificial intelligence and advanced manufacturing startups throughout the country.

OpenAI's India Expansion

OpenAI CEO Sam Altman revealed that India represents the company's second-largest market with over 100 million weekly active ChatGPT users, trailing only the United States. Additionally, Indian users constitute the largest demographic of students utilizing ChatGPT globally.

Infrastructure and Funding

Private equity firm Blackstone has acquired a majority stake in Indian AI infrastructure startup Neysa as part of a $600 million equity fundraising round. Additional investors include Teachers' Venture Growth, TVS Capital, 360 ONE Asset, and Nexus Venture Partners. The company plans to raise an additional $600 million in debt financing and deploy more than 20,000 GPUs to support AI workloads.

Data Center Power Solutions

Bengaluru-based startup C2i, which specializes in power infrastructure solutions for data centers, secured $15 million in Series A funding led by Peak XV, with participation from Yali Deeptech and TDK Ventures. This investment addresses the critical power bottleneck facing AI data centers.

Industry Transformation

HCL CEO Vineet Nayyar announced that Indian IT services companies will prioritize profitability over job creation, signaling a strategic shift in response to AI-driven market dynamics. This statement comes amid declining Indian IT stocks as concerns grow regarding AI's potential disruption of traditional IT services sectors.

Strategic Partnerships

AMD announced a collaboration with Tata Consultancy Services (TCS) to develop rack-scale AI infrastructure based on AMD's "Helios" platform, strengthening India's position in AI hardware deployment.

Sources:

Economic Times - AI Impact Summit Coverage

Reuters - Indian IT Stocks Analysis

AMD - TCS Partnership Announcement

VCCircle - Blackstone Neysa Investment