Silicon Valley’s earnings calls are already answering the most important question about artificial intelligence: where the money ends up. There’s an undeniable sense of triumph in India’s tech ecosystem right now, but we might be celebrating a digital victory we haven’t actually won.
If you look across the country, the physical transformation is staggering. We are investing massive capital in hyper-scale data centre parks in Navi Mumbai. Legacy IT giants are weaving AI into enterprise networks and digital public infrastructure. The government has stepped in to subsidise tens of thousands of GPUs (graphics processing units) for startups. We are doing everything right on the hardware front.
But beneath the ribbon-cutting and the applause lies an uncomfortable economic reality: India’s much-hyped AI boom is directly funding Silicon Valley.
