Adani Group Plans $5 Billion Investment in Google's AI Data Center Hub in India

Adani to invest $5 billion in Google data centers, CFO says

The Indian conglomerate, led by billionaire Gautam Adani, is planning to invest as much as $5 billion in Google's upcoming AI infrastructure hub in southern India, according to chief financial officer Jugeshinder Singh, showing the steady stream of investments pouring in the fast-growing data center business. The details of the investment are still being finalised, Singh told reporters at an event in Mumbai. Adani Enterprises last month announced a partnership with Alphabet, via AdaniConneX, to develop India's largest AI data center campus at Visakhapatnam in Andhra Pradesh.. The announcement mirrors the global trend where governments and large corporations are spending trillions in an unprecedented AI hardware arms race. Digital Connexion, a joint venture of Reliance Industries Ltd., signed an $11 billion investment pact for building data centers at Visakhapatnam this week, while Tata Consultancy Services Ltd. last week secured $1 billion from TPG Inc. to accelerate its own efforts. Investments in India's overall data center market are expected to exceed $100 billion by 2027, according to estimates by CBRE Group Inc.

Adani plans $5 billion investment in Google data centers in India - Bloomberg By Investing.com

Investing.com -- Indian conglomerate Adani Group is planning to invest up to $5 billion in Google's upcoming artificial intelligence infrastructure hub in southern India, according to Bloomberg, citing Chief Financial Officer Jugeshinder Singh. Singh revealed the investment plans while speaking to reporters at an event in Mumbai, noting that the details of the investment are still being finalized. The investment represents a significant commitment to India's growing data center sector by the conglomerate led by billionaire Gautam Adani. Last month, Adani Enterprises Ltd. announced a partnership with Alphabet Inc., the parent company of Google, through AdaniConneX Pvt. The collaboration aims to develop what will become India's largest AI data center campus, located in Visakhapatnam in the state of Andhra Pradesh. This planned investment demonstrates the continued flow of capital into India's rapidly expanding data center business, as major technology companies and infrastructure developers position themselves to meet growing demand for AI computing resources in the region. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

India's Adani seeks up to $5 billion investment in Google data center to join AI boom

(Reuters) -India's Adani Group plans to invest up to $5 billion in Alphabet-owned Google's India AI data centre project, an executive said on Friday, as it seeks to cash in on booming demand for data capacity in the world's most populous nation. In October, Google said it would invest $15 billion over five years to set up an artificial intelligence data centre in the southern state of Andhra Pradesh, its biggest investment in India. AI requires enormous computing power, pushing demand for specialised data centres that enable thousands of chips to be linked in clusters. Adani Group CFO Jugeshinder Singh said the Google project could mean an investment of up to $5 billion for Adani Connex - a joint venture between Adani Enterprises and private data centre operator EdgeConneX. "It's not just Google, there are a lot of parties that would like to work with us, especially when the data centre capacity goes to gigawatt and higher," Singh told reporters on Friday. Google has committed to spending about $85 billion this year to expand data centre capacity as tech companies invest heavily in infrastructure to meet the booming demand for AI services. Indian billionaires Gautam Adani and Mukesh Ambani have also unveiled investments in building data centre capacity. The data centre campus in the port city of Visakhapatnam will have an initial power capacity of 1 gigawatt. (Reporting by Harshita Meenaktshi and Dhwani Pandya; Editing by Kevin Liffey)