India's AI ambitions have led to multi-billion major tech investments.

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Amazon and Microsoft are reportedly investing billions in India's artificial intelligence (AI) efforts.

As the Financial Times (FT) reported on Monday (June 17), India is offering tech companies incentives to build there, hoping the country's growing technology market and large pool of skilled workers will make it a Big AI will make consumers and exporters.

The report notes that Microsoft has committed about $3.7 billion to the southern Indian state of Telangana, where it will build data centers that aim to add 660 megawatts of IT capacity — about 500,000 homes in Europe. is equal to the annual electricity requirements of

For its part, Amazon plans to invest around $12.7 billion in cloud infrastructure in India by the end of the decade, the report added.

“India is one of the most exciting markets in the world for technology today,” Puneet Chandok, president of Microsoft India and South Asia, told the FT.

“The aim is to continuously build capacity in this part of the world to serve customers who are innovating for India and the world.”

The FT notes that efforts by tech companies to build their own data centers in India will make the country number one in terms of self-build capacity for data centers.

This follows reports last month that Microsoft and Amazon earmarked $40 billion for AI infrastructure projects this year alone.

Also in May, chipmaker Nvidia reported that demand for its products was boosted by companies and countries moving from traditional data centers to “AI factories.”

“In Q1, we worked with more than 100 customers who are building AI factories ranging in size from hundreds to tens of thousands of GPUs,” Nvidia executive vice president and chief financial officer Colette Kress said on an earnings call. Some have reached 100,000 GPUs.”

Meanwhile, PYMNTS last week surveyed the popularity of AI among CFOs, with research showing that 63% say the technology has reduced the need for low-skilled workers, while creating new skills for it. A set of K may also be required. Another 58 percent of finance chiefs said they need employees with analytical skills.

“Despite the number of organizations already using AI, we are still at the front end of the AI ​​revolution,” PYMNTS wrote. “The statistical findings from our report represent an early delivery from this revolution. As applications for AI mature, the needs of all companies, large and small, will continue to grow. However, one thing is clear. Is: We are starting to see the potential of AI.

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