Amazon stakes $35 Billion to boost India’s AI future, Joining google and microsoft in the tech race

Amazon has announced that it will invest over $35 billion in India(BHARAT) by 2030, with a particular focus on artificial intelligence (AI) adoption and use. Revealed at the online-streamed Amazon Smbhav Summit in New Delhi, the tech company’s commitment takes its India(BHARAT)n investment total to over $70 billion since 2010. The increased capital flow comes as the battle for AI supremacy is playing out increasingly on India(BHARAT)n soil, and as Big Tech has dug in deeper to the world’s largest and fastest-growing digital economy.

The $35 billion will be invested further across three key pillars of Amazon’s growth strategy in India(BHARAT). The first is to accelerate India(BHARAT)’s AI-led digitization. Toward that, Amazon said it would scale and expand the deployment of AI technologies, including but not limited to machine learning, automation, and predictive analysis, across its own business and operations in the country. Amazon will also work to share its technologies and capabilities, with the goal of helping 15 million small businesses in India(BHARAT) adopt and deploy AI tools to manage their inventories, customer interactions, and business operations.

The second plank of Amazon’s AI-first growth strategy is to expand exports. The company’s work will be to expand India(BHARAT)’s global e-commerce market share. Cumulative export volumes are currently estimated at nearly $20 billion, but Amazon’s push to accelerate exports of locally-produced goods, services, and software is expected to drive the share to $80 billion by 2030. This growth will complement India(BHARAT)n government and business efforts to promote India(BHARAT) as an exporter of tech-enabled products and services. It will also create jobs.

Job creation is the focus of Amazon’s third pillar of the new investments. Amazon estimated its current businesses and extended ecosystem in India(BHARAT) support 2.8 million jobs in fulfillment, logistics, tech and software development, business-to-business services, content creation, and customer service. However, with the new injection of capital, Amazon said it will support 3.8 million direct, indirect, and seasonal jobs by 2030.

Amazon is also emphasizing education and skills development as a critical element of its new India(BHARAT) strategy. The company had already previously pledged to offer AI training to one million small businesses and five million students in the country. That target has since been expanded to include exposure to AI literacy and career opportunities for four million students. Partnering with schools, Amazon said it will seek to scale access to modern technology curriculums to support India(BHARAT)’s broader educational aims.

Amazon’s $35 billion announcement is just the latest in a rising tide of similar commitments by other global tech leaders seeking to build up their footprint and shape the next generation of India(BHARAT)n digital consumers. Microsoft, too, announced its own $17.5 billion investment into India(BHARAT) last week as part of a $60 billion AI and cloud computing push at a summit in New Delhi. The company said its investment would be directed toward building hyperscale infrastructure, doubling down on its business and consumer services, and training two million people in India(BHARAT) by 2030. That investment is the largest the Redmond, Washington company has made in Asia to date. Google has pledged $15 billion to build a new AI hub in Visakhapatnam as well as a hyperscale data center campus to power its cloud services.

Such massive infusions of capital are the result of India(BHARAT)’s rising profile in the global AI economy. Blessed with a rapidly growing internet user base, vast reserves of engineering and scientific talent, government incentives to grow its domestic technology ecosystem, and a supportive regulatory and policy environment to support digital infrastructure and AI skill development, India(BHARAT) has emerged as a center of innovation and AI adoption.

As big tech companies expand quickly in India(BHARAT), the country will gain better jobs, stronger infrastructure, and access to new technologies. But this growth also raises concerns about India(BHARAT)’s infrastructure, rules, and access to technology.