Amazon Raises India Bet to $48 Billion, Bringing AI Chips to Mumbai and Hyderabad (opens in new tab)

Amazon chief executive Andy Jassy met PM Narendra Modi in New Delhi on Wednesday and committed the company to investing $48 billion in India between 2026 and 2030, adding a fresh $13 billion to an earlier pledge and targeting AWS data center expansion in Mumbai and Hyderabad with custom AI chips.