All the important news from the ongoing India AI Impact Summit | TechCrunch

TechCrunch

by Ivan Mehta

February 22, 2026

AI-Generated Deep Dive Summary

India is hosting a historic four-day AI Impact Summit, drawing top executives from major AI labs and Big Tech companies such as OpenAI, Anthropic, Nvidia, Microsoft, Google, and Cloudflare, along with heads of state including India’s Prime Minister Narendra Modi and French President Emmanuel Macron. The event aims to boost AI investment in the country by showcasing its growing role in the global AI ecosystem. With over 250,000 attendees expected, the summit highlights India’s ambition to become a key player in AI innovation and deployment. Key updates from the summit include a $1.1 billion allocation for India’s state-backed venture capital fund, which will focus on AI and advanced manufacturing startups. OpenAI CEO Sam Altman revealed that India is second only to the U.S. in terms of weekly ChatGPT users, with Indian students leading global usage of the platform. Meanwhile, Blackstone has acquired a majority stake in Indian AI startup Neysa as part of a $600 million equity funding round, while HCL CEO Vineet Nayyar emphasized that Indian IT companies will prioritize profits over job creation amid fears of AI disrupting traditional IT services. The summit also saw AMD partner with Tata Consultancy Services

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Originally published on TechCrunch on 2/22/2026