New Delhi: Logo of the India AI Impact Summit in New Delhi on Thursday, 19/02/2026. Sushil Kumar Verma/The Hindu | Photo courtesy: Sushil Kumar Verma
At the India AI Impact Summit 2026, major corporations announced significant investment commitments, including a massive pledge of Rs 10 lakh crore from Jio and Reliance to be deployed over the next seven years.
“This is not a speculative investment. This is not to chase valuations. This is patient, disciplined, nation-building capital – designed to create sustainable economic value and strategic resilience for decades to come,” Mukesh D Ambani, Chairman and Managing Director of Reliance Industries, said at the summit on Thursday.
Ambani said the biggest hurdle in artificial intelligence (AI) today is not talent or imagination, but its scarcity and the high cost of computation.
Therefore, he said, Jio Intelligence will build India's sovereign compute infrastructure through three initiatives including gigawatt-scale data centres.
“We have already started building a multi-gigawatt, AI-ready data-centre in Jamnagar. More than 120 MW will come online this year in the second half of 2026, creating a clear path to gigawatt-scale computation for training and large-scale inference,” he said.
Adani's commitment
Adani Group committed $100 billion to a sovereign, green-energy-powered AI platform, calling it “the trigger for a 5-gigawatt, $250 billion integrated energy and compute ecosystem to fuel India's intelligence revolution.”
Adani Group Executive Director Jeet Adani said, “In past centuries, countries built navies to secure trade routes. Today, we build sovereign navies to secure intelligence routes.”
From the US, tech giants including Amazon, Google and Microsoft said they are ready to invest $67.5 billion in AI and data center infrastructure across India over the next five years.
A delegation of 120 US CEOs, including Alphabet and Google CEO Sundar Pichai, Adobe Chairman Shantanu Narayan, FedEx Chairman Raj Subramaniam, Microsoft Chairman Brad Smith and General Catalyst CEO Hemant Taneja attended the summit. US tech giants position India as a strategic AI hub.
Microsoft vice president and president Brad Smith said Microsoft plans to invest $50 billion by the end of the decade to expand AI globally.
Google's plan
Google said it will spend $30 million through the Google.org AI for Government Innovation Impact Challenge to support AI-powered government-to-citizen solutions, in addition to the recent announcement of a $15 billion AI hub in Vizag.
Qualcomm Technologies said it will contribute up to ₹90 crore over the next five years to support research National Research Foundation (ANRF) under a strategic collaboration to support mission-driven research programmes.
These programs will be jointly identified and selected through ANRF's established assessment and governance framework in priority technology areas including AI systems, advanced wireless technologies and next generation computing.
Qualcomm had earlier announced its intention to invest up to $150 million to support India's fast-growing technology and AI start-up ecosystem. The investment will be deployed through Qualcomm Ventures and will invest in startups at all stages.
Published on February 19, 2026