MUMBAI — Jio will invest ₹10 lakh crore over the next seven years to develop India’s own AI compute capabilities, Reliance Industries Chairman Mukesh Ambani declared Thursday at the India AI Impact Summit 2026.

“This is not speculative investment. It is not for chasing valuation. This is patient, disciplined, nation-building capital — designed to create durable economic value and strategic resilience for decades to come,” Ambani told the summit audience.

He pinpointed compute scarcity and high costs as AI’s main bottlenecks today, not a lack of talent or ideas. Jio Intelligence plans three key initiatives to address this. Construction has begun on multi-gigawatt, AI-ready data centers in Jamnagar. Over 120 megawatts will go online in the second half of 2026, paving the way to gigawatt-scale capacity for AI training and inference.

The Adani Group matched the ambition with its own $100 billion commitment to a sovereign, green-energy-powered AI platform. Jeet Adani, the group’s executive director, described it as “the trigger for a 5-gigawatt, $250 billion integrated energy-and-compute ecosystem engineered to anchor India’s Intelligence Revolution.”

“In earlier centuries, nations built navies to secure trade routes. Today, we build sovereign compute to secure intelligence routes,” Adani said.

U.S. tech leaders added heft to the summit’s pledges. Amazon, Google and Microsoft committed $67.5 billion over five years for AI and data center projects across India. A delegation of 120 American CEOs attended, including Alphabet and Google CEO Sundar Pichai, Adobe Chair Shantanu Narayen, FedEx President Raj Subramaniam, Microsoft Vice Chairman and President Brad Smith, and General Catalyst CEO Hemant Taneja.

They view India as a prime AI hub. Microsoft alone aims to pour $50 billion into AI expansion across the Global South by decade’s end, Smith said.

Google outlined separate plans: $30 million from Google.org for an AI for Government Innovation Impact Challenge to boost AI-driven government-to-citizen services. This follows its recent $15 billion AI Hub announcement in Visakhapatnam.

Qualcomm Technologies pledged up to ₹90 crore over five years to back the Anusandhan National Research Foundation. The funds will support mission-driven research in AI systems, advanced wireless technologies and next-generation computing, selected through ANRF’s frameworks.

Qualcomm had previously signaled up to $150 million for India’s AI startups via Qualcomm Ventures, targeting companies at all stages.

Ambani stressed the investments’ long-term focus. Jio’s Jamnagar data centers represent a concrete start, with phased rollouts to gigawatt levels. Adani’s green energy tie-in promises sustainability alongside scale.

U.S. firms’ participation highlights India’s rising profile. Pichai, Narayen and others joined Smith in highlighting joint opportunities. Microsoft’s Global South push and Google’s dual commitments—both philanthropic and infrastructural—signal deep pockets.

The summit drew commitments totaling hundreds of billions, blending domestic giants like Reliance and Adani with global players. Qualcomm’s research and startup bets round out a diverse portfolio aimed at India’s AI ambitions.

These pledges arrive as India pushes for self-reliance in technology. Compute infrastructure could unlock AI applications from healthcare to agriculture, Ambani suggested. Data center builds in Jamnagar and Visakhapatnam mark early milestones.