India Just Threw $1.1 Billion at AI and Every Tech Giant on Earth Showed Up

India is hosting the biggest AI event the world has ever seen this week, and the numbers are absolutely wild.

The India AI Impact Summit 2026 is a four-day event in New Delhi that's expecting 250,000 visitors. That's not a typo. A quarter million people showed up to talk about artificial intelligence.

Every major name in tech is there: Sam Altman from OpenAI, Dario Amodei from Anthropic, Sundar Pichai from Google, and even French President Emmanuel Macron flew in for the occasion. India's Prime Minister Modi kicked things off with a speech calling AI a "civilisational inflection point."

Here's the big money news: India just committed $1.1 billion to a government-backed venture capital fund focused on AI startups. Blackstone invested $600 million in an Indian AI chip company called Neysa. And Anthropic (the company behind Claude) announced it's opening its first office in India.

But the most jaw-dropping moment? Venture capitalist Vinod Khosla said IT services and outsourcing companies could "almost completely disappear" within five years because of AI. That's terrifying when you consider millions of people in India work in those industries.

Oh, and Sam Altman casually mentioned that India now has over 100 million weekly ChatGPT users, making it the second biggest market after the US.

As reported by TechCrunch.

Source: TechCrunch