Tech giants commit billions to Indian AI as New Delhi pushes for superpower status
CNBC
Tech and world leaders flocked to New Delhi for the India AI Impact Summit
Tech giants have committed to funneling hundreds of billions of dollars into Indian AI efforts, against the backdrop of a major summit in the country that's brought together world leaders and AI execs.
Record sums are being ploughed into AI as governments and companies across the globe race to roll out the technology. Hyperscalers — including the likes of Amazon, Microsoft, Meta and Alphabet — announced capital expenditure that could hit $700 billion on AI this year.
The past week has seen Indian tech group Reliance reportedly announcing plans to invest $110 billion into data centers and other infrastructure, and compatriot Adani outlining a $100 billion AI data center buildout over the next decade.
Super Micro said Yih-Shyan "Wally" Liaw, a co-founder, has resigned from the server maker's board after he was indicted in the U.S.
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Most enterprise AI projects have failed since 2018, a sobering track record for an industry awash in enthusiasm.
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Memory shortages. Way behind on AI. Tariff troubles. None of that seems to matter to Apple.
Meta is beginning a multiyear rollout of more advanced AI systems that will handle content enforcement-related tasks like catching scams and illegal media.
People in China are rushing to buy preowned computers to try OpenClaw with demand for MacBooks particularly high, according to one reseller.
China's ClawdBot use is soaring as tech giants hold meet-ups to help everyone add the artificial intelligence digital assistant to their devices.
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
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Chinese AI stocks surged on Wednesday following upbeat remarks from Nvidia's chief executive Jensen Huang on the promise of AI agents and OpenClaw.
Nvidia CEO Jensen Huang pointed to a fast-rising project called OpenClaw as a major step forward in how people interact with AI.