Big Tech Pours $50 Billion Into India In 24 Hours-Here's Why

Benzinga

Microsoft and Amazon committed over $50B to India within 24 hours as Big Tech races to build cloud and AI infrastructure, while Intel announced plans to manufacture chips locally. India’s cheap power, abundant land, IT talent, and massive digital population are turning the country into a key global AI hub.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:03Big tech is pouring money into India as Microsoft and Amazon pledged more than $50 billion within

00:0724 hours to expand cloud and AI infrastructure, according to CNBC. Intel also announced plans

00:14to manufacture chips in the country to meet rising PC demand and fast AI adoption. India trails the

00:20US and China in building a native foundational model, but its vast IT workforce, large digital

00:25user base, and strength in application layer development present a major opportunity for

00:30global companies. India's abundant land, lower power costs, rising renewable energy capacity,

00:36and growing e-commerce demand are accelerating data center development. Tarun Pathak,

00:41Research Director at CounterPoint Research, said India's large digital population, expanding cloud

00:46and AI demand, and deep IT talent make it a core hub for building and deploying AI rather than just

00:52a user market. For all things money, visit benzinga.com.

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