From the BBC via AOL, December 10:
Tech giants Amazon and Microsoft have announced a combined $52.5bn (£39.4bn) investment plan for India over the coming years.
Amazon said on Wednesday it was pumping in $35bn into India by 2030 to advance AI-driven digitisation, export growth and job creation, a day after Microsoft committed $17.5bn strengthen the country's AI ecosystem.
India, which is an emerging AI and cloud infrastructure hub, has witnessed a surge of global tech investments recently.
In October, Google announced a $15bn investment to build an AI data hub, and earlier this week Intel announced a collaboration with Mumbai-based Tata Electronics as its first major customer in the latter's $14bn semiconductor manufacturing plans.
"When it comes to AI, the world is optimistic about India," Indian Prime Minister Narendra Modi said in a post on X, after meeting Microsoft CEO Satya Nadella on Tuesday....
....MUCH MORE
And at Mumbai's MoneyControl:
