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<\/div>\nJoe Biden and PM Modi met with some of the most powerful executives in Silicon Valley on Friday.<\/p>\n<\/div>\n
New Delhi: <\/b><\/p>\n
Three US tech giants have committed to major investments in India<\/a> following Prime Minister Narendra Modi’s recently-concluded state visit to the western superpower. Amazon, Google, and Microsoft have announced capital investments and technological cooperation for the growth of Indian technology.<\/p>\n While Amazon has committed to investing an additional $15 billion in India<\/a> over the next seven years, which will take the company’s total India investment across all businesses to $26 billion, Google has said it will open its global fintech operation centre in Gujarat.<\/p>\n Microsoft Chairman and CEO Satya Nadella in his meeting with the Prime Minister discussed the power of technology, particularly Artificial Intelligence, to help improve the lives of Indians.<\/p>\n “India is home to one of the most vibrant developer and start-up ecosystems in the world, and Microsoft remains deeply committed to the growth of Indian technology – that will impact both India and markets across the globe,” a Microsoft statement said after the meeting.<\/p>\n Microsoft had last month launched Jugalbandi<\/a>, a new generative AI-driven chatbot on mobile devices for government assistance, in India. It can understand questions in multiple languages, whether spoken or typed. It retrieves information on relevant programs – usually written in English – and relays it back in local language. The Jugalbandi AI assistant is powered by language models from AI4Bharat<\/a>, a government-backed initiative, and reasoning models from Microsoft Azure OpenAI Service.<\/p>\n Google CEO Sundar Puchai said that he shared with the Prime Minister that Google is investing $10 billion in India’s digitisation fund. “We are announcing the opening of our global fintech operation centre in GIFT City, Gujarat,” news agency ANI quoted Mr Pichai as saying.<\/p>\n An Amazon statement said its CEO Andy Jassy and the PM spoke about supporting Indian startups, creating jobs, enabling exports, digitisation, and empowering individuals and small businesses to compete globally.<\/p>\n “Amazon has pledged to digitise 10 million small businesses, enable $20 billion in exports, and create 2 million jobs in India by 2025. Currently, Amazon India is on track to deliver on them, having already digitised over 6.2 million small businesses, enabled over $7 billion in exports, and created over 1.3 million direct and indirect jobs,” the company statement said.<\/p>\n