India Attracts $52B in AI Investments from Amazon, Microsoft

Amazon and Microsoft are plowing billions of dollars of AI funding into India, with the e-retail giant pledging to spend $35 billion there by 2030, and Microsoft earmarking $17.5 billion over four years to develop the AI frontier and integrate the technology “at population scale.” The funds are expected to encourage AI-powered digitization, cloud growth, increased exports and new job creation — all national priorities for the South Asian territory. Amazon has already invested nearly $40 billion in India, which is emerging as a global AI and cloud hub. The new investment is Microsoft’s biggest yet in Asia and follows a $3 billion India commitment announced earlier this year. Continue reading India Attracts $52B in AI Investments from Amazon, Microsoft