The AI Impact Summit has reached its fourth day, showcasing a substantial influx of investments for India from foreign corporations such as Google, Microsoft, NVIDIA, and Qualcomm. During this summit, the companies highlighted their intentions to establish data centers and develop new AI models within India, marking a potential technological shift in the country. Google's CEO, Sundar Pichai, met with Prime Minister Narendra Modi to announce that the company plans to invest about $15 billion in India over the next five years, solidifying the company’s commitment to integrating AI technology in the region.

A significant portion of Google's investment will contribute to the establishment of India's first major AI hub, with the mega AI data center planned for Visakhapatnam in Andhra Pradesh. This facility will serve as a central point for AI model training, cloud services, and computing, underpinning India's ambition to enhance its capabilities in artificial intelligence. Additionally, Microsoft's plans for substantial investments, expected to be revealed during the AI Impact Summit, further emphasize a competitive push in the AI domain within India.

The developments announced at the AI Impact Summit carry considerable implications for India's tech landscape, positioning it as a key player in the global AI arena. The influx of foreign investment is likely to accelerate the growth of India's digital economy while simultaneously creating job opportunities and fostering innovation in AI technologies throughout the nation.