India: Adani Group has unveiled plans to invest $100 B over the next decade to build hyperscale, AI-ready data centres powered by renewable energy. The company aims to create what it describes as the world’s largest integrated data centre platform by 2035.
The massive investment comes as India seeks to strengthen its position in the global artificial intelligence race. According to the group, the move could help generate a $250 B AI infrastructure ecosystem in the country over the coming ten years.
“The world is entering an Intelligence Revolution more profound than any previous Industrial Revolution,” said Gautam Adani, chairman of the Adani Group, in a statement.
He added that India intends to play a leading role in the AI era rather than simply adopting technologies developed elsewhere. “India will not be a mere consumer in the AI age. We will be the creators, the builders and the exporters of intelligence and we are proud to be able to participate in that future,” he said.
Investors responded positively to the announcement. Shares of Adani Enterprises, the group’s flagship firm, rose 2.5 %, placing it among the top performers on the Nifty 50 index. Meanwhile, Adani Green Energy shares were last trading 1.8 % higher.
Source: CNBC
