All the important news from the ongoing India AI Impact Summit [TechCrunch]
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The event, which expects 250,000 visitors, will see Alphabet CEO Sundar Pichai, OpenAI CEO Sam Altman, Anthropic CEO Dario Amodei, Reliance Chairman Mukesh Ambani, and Google DeepMind CEO Demis Hassabis in attendance. India's prime minister, Narendra Modi, is scheduled to deliver a speech with French President Emmanuel Macron on Thursday. Here are all the key updates from the event: India earmarks $1.1 billion for its state-backed venture capital fund . The fund will invest in artificial intelligence and advanced manufacturing startups across the country. OpenAI CEO Sam Altman said India accounts for more than 100 million weekly active ChatGPT users , second only to the U.S. He also said Indians account for the most students using ChatGPT. Blackstone has picked up a majority stake in Indian AI startup Neysa as part of a $600 million equity fundraise . Teachers' Venture Growth, TVS Capital, 360 ONE Asset, and Nexus Venture Partners also invested. The company now plans to rai
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