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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