India Leads AI Race: US Tech Giants Pour Billions into Booming Market

• India is rapidly becoming a crucial hub in the global AI race, attracting major investments from US tech companies.
• The Indian government's policies, including a 20-year tax exemption on foreign income from AI services, are boosting the AI ecosystem.
• Microsoft, Amazon, and Google have announced investments of $17.5 billion, $35 billion, and $15 billion respectively in India.
• India boasts the world's highest mobile data usage per smartphone and 62% of Indians use generative AI tools, second globally.
• New data privacy regulations requiring local data storage and the China+1 strategy are driving demand for local data centers and further investment.