All the important news from the ongoing India AI Impact Summit

In order to attract more AI investment to the country, India is hosting a four-day AI Impact Summit this week which will be attended by executives from major AI labs and major technology companies, including OpenAI, Anthropic, Nvidia, Microsoft, Google, and Cloudflare, as well as heads of state.

The event, which is expected to be attended by 250,000 visitors, will see the attendance of Alphabet CEO Sundar Pichai, OpenAI CEO Sam Altman, Anthropic CEO Dario Amodei, Reliance Chairman Mukesh Ambani, and Google DeepMind CEO Demis Hassabis.

Indian Prime Minister Narendra Modi is scheduled to address French President Emmanuel Macron on Thursday.

Here are all the key updates from the event:

• India allocations $1.1 billion for a state-backed venture capital fund. The fund will invest in artificial intelligence and advanced manufacturing startups across the country.
• Sam Altman, CEO of OpenAI, said: “India represents more than… 100 million weekly active users of ChatGPTsecond only to the United States. He also said that Indians account for most of the students who use ChatGPT.
• Blackstone has acquired a majority stake in Indian AI startup Neysa as part of its venture $600 million equity fundraising. It has also invested in Teachers’ Venture Growth, TVS Capital, 360 ONE Asset and Nexus Venture Partners. The company now plans to raise another $600 million in debt and deploy more than 20,000 graphics processing units.
• Bengaluru-based C2i, which builds power solutions for data centres, has floated $15 million in Peak XV’s Series A roundWith the participation of Yali Deeptech and TDK Ventures.
• HCL CEO Vineet Nayar told Indian IT companies You will focus on making profits and not creating jobs. These comments come Indian IT stocks decline With growing fears that artificial intelligence will disrupt the IT services sector.
• Vinod Khosla, founder of Khosla Ventures, said industries such as IT services and business process outsourcing could “almost completely disappear” within five years due to artificial intelligence. He said Hindustan Times That 250 million young people in India must sell AI-based products and services to the rest of the world.
• AMD partners with Tata Consultancy Services (TCS) to Develop Large-scale AI infrastructure based on AMD’s Helios platform.
• Anthropic said it is opening its first office in India in Bengaluru. The company said that the country is the second largest user of Cloud after the United States
• Anthropic is Partnering with IT giant Infosys to deploy Cloud Models And tools like Codecloud for Indian businesses. To start, both will deploy AI tools in the telecom sector with a dedicated Humanitarian Center of Excellence.
• Indian artificial intelligence company Sarvam has teased its upcoming smart glasses called Sarvam Kaze. The company has released several models in the past few weeks, including a dubbing model, a speech-to-text model, a text-to-speech model, and a vision model for optical character recognition (OCR).

• Indian bloc Promise me It said it is allocating $100 billion to build AI data centers that will use renewable energy in India by 2035. The company said this investment will lead to an additional investment of $150 billion in areas such as server manufacturing, advanced electrical infrastructure, sovereign cloud platforms, and supporting industries.
• Voice AI company Cartesia is collaborating with India-based Blue Machines to deploy voice solutions for enterprises with on-premises data residency.
• Launching Cohere Labs A family of multilingual models With open weights that support more than 70 languages. These models can be run on local machines. The company said it has also released models tuned for specific regions.
• OpenAI said it will open two new offices in India in Bengaluru and Mumbai.
• OpenAI has also collaborated with Tata Publishing Group 100 MW of computing in India with the aim of scaling up to 1 GW.
• Indian Technology Minister Ashwini Vaishnao said that the country It wants to attract more than $200 billion in investment in AI infrastructure in the next two years.
• said Indian bio-coding startup Emergent It reached $100 in ARR It launched a mobile application.
• Indian AI startup Sarvam has released two new open source models: Sarvam 30B and Sarvam 105B.
• Sarvam also announced a partnership with Qualcomm, HMD, and Bosch To deploy its AI models on devices, including smartphones, feature phones, cars, laptops and smart glasses.
• Voice AI startup Gnani has released a voice reproduction and text-to-speech model called Vachana, which supports 12 languages.
• BharatGen, the government-backed AI consortium, has released a 17 billion-parameter model called Param 2 that works across 22 languages.
• Steaming service JioHotstar said it will use ChatGPT to help discover content through conversational search.
• Sarvam releases ChatGPT’s competitor is called Indus Which supports multiple Indian languages.
• Users between the ages of 18 and 24 in India drive almost exclusively cars, OpenAI said 50% of usage in India is on ChatGPT.
• Indian technology company Tech Mahindra has released an 8-billion-parameter Indian model for educational use cases.
• The UAE company G42 cooperated with US-based chipmaker Cerebras Deployed 8 exaflops of computing in India through a supercomputer. The Mohammed bin Zayed University of Artificial Intelligence (MBZUAI) in Abu Dhabi and the Indian Center for the Development of Advanced Computing (C-DAC) are also part of the project.
• On the sidelines of the AI ​​Summit in India, Sam Altman said that concerns about the amount of water used by AI are “completely false,” but acknowledged the issue of water use when “we are used to evaporative cooling in data centers.”
• Strangely enough, he also said that humans use a lot of energy as they grow and process things around them. He believes ChatGPT’s power consumption arguments are “unfair.”

“But training a human also requires a lot of energy,” Altman said. “It takes about 20 years of life and all the food you eat during that time before you become smart.”

• India said it was over 88 countries and organizations have signed the New Delhi Declaration on Artificial Intelligence To work on using artificial intelligence to achieve social and economic good. These countries included the United States, China, and Russia.
• India has joined the US-led Pax Silica to create a seamless supply chain network of materials used in creating AI infrastructure. Other members include the United Kingdom, United Arab Emirates, Singapore, Qatar, Japan, Israel, South Korea and Australia.