India’s AI boom pushes firms to trade near-term revenue for users
ChatGPT and rivals are testing whether India’s massive AI user boom can translate into paying customers as free offers wind down.
ChatGPT and rivals are testing whether India’s massive AI user boom can translate into paying customers as free offers wind down.
Stripe and PayPal Ventures have participated in Xflow’s $16.6 million round that gives it a post-money valuation of $85 million.
Sarvam’s Indus chat app is currently available in beta.
Peak XV says most of its new capital will target India as the firm prioritizes AI, fintech and cross-border bets while navigating recent partner departures.
The pledge marks a sharp jump from General Catalyst’s earlier $500 million–$1 billion India earmark.
Nvidia is working with investors, nonprofits, and venture firms to build earlier ties with India’s fast-growing AI founder ecosystem.
The rollout includes two-way integration that surfaces streaming links directly inside ChatGPT.
Reliance has begun building multi-gigawatt AI data centers in Jamnagar, with more than 120 MW of capacity expected to come online in 2026.
OpenAI also plans to expand its presence in India with new offices in Mumbai and Bengaluru later this year.
OpenAI moves beyond ChatGPT in India with a Pine Labs deal targeting enterprise payments and AI-driven commerce.