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OpenAI India's managing director says India is now ChatGPT's largest market by weekly active users, with its local base doubling since January. The company is expanding ads, Indian-language support and enterprise partnerships, and expects to announce UPI payment features soon.
Nasdaq-listed Cognizant is reportedly negotiating a stake in Sarvam AI as part of a roughly $300 million round that could value the Bengaluru company at $3.5 to $4 billion. The deal would make Cognizant the second IT-services major on Sarvam's cap table after HCLTech, which led its Series B in June.
A Government Resolution has created steering, executive and technical committees to run Maharashtra's AI Policy 2026, which targets Rs 10,000 crore of investment and 1.5 lakh jobs by 2031. The executive committee will approve incentives for AI projects, and an online portal will handle applications.
Sarvam AI has signed an MoU with Headquarters Integrated Defence Staff creating an umbrella framework for AI projects across the Army, Navy, Air Force and tri-service organisations. The work will be delivered by Chanakya, Sarvam's firewalled national-security division, using its 105-billion-parameter foundation model.
Bengaluru-based Simplismart has closed a $14 million Series B led by Dallas Venture Capital, with NVIDIA, Accel, Shastra VC and Micromax participating. The round was the largest AI deal in a week when Indian startups raised about $130 million overall, and underlines investor appetite for inference infrastructure.
At the Business Standard BFSI Insight Summit, chief executives from IndusInd Bank, RBL Bank and IDFC First Bank argued that Indian lenders are ahead on AI experimentation but must now commit to controlled, outcome-linked roll-outs. They stressed data governance, board-level AI policy and human accountability for customer-affecting decisions.
Infosys reported Q2 FY27 revenue of $5.15 billion, up 1.5 per cent in constant currency, with AI-related revenue growing 29 per cent quarter on quarter to 10.5 per cent of the total. Large-deal wins reached $5.2 billion, including one contract worth more than $2 billion, while full-year growth guidance narrowed to 1 to 2 per cent.
Kruti, the agentic consumer assistant launched by Ola's AI arm Krutrim in 2025, has become inaccessible on the web, the App Store, Google Play and inside the Ola ecosystem, showing only a maintenance notice. The company has offered no explanation, while reports point to layoffs, senior exits and a stalled next-generation model.
Enterprise AI platform RapidCanvas raised $29 million in a Series B led by Vertex Ventures SEA & India, with Hitachi Ventures, Accel, Peak XV and others participating. AI was the top sector in a week when Indian startups raised about $236 million across 25 deals, with Clueso, Parallel Loop and Shamrock AI also closing rounds.
Family offices and wealthy individual investors in India have increased their funding of AI startups by close to 50 per cent this year to about $760 million, according to Tracxn data reported by Bloomberg. Premji Invest, Claypond Capital and QED Innovation Labs are among those moving from fund commitments to direct deals.
The Centre for Development of Advanced Computing has issued a Request for Empanelment for AI service providers to supply up to 10,000 GPUs, TPUs and accelerators to ministries, researchers, startups and industry. Clusters must be hosted entirely in India with strict data-isolation rules, and capacity may be expanded beyond the initial figure on demand.
Adani Enterprises and US manufacturer Jabil have signed a non-binding MoU for an equal joint venture to manufacture and assemble AI racks, servers, storage, networking and the power and cooling equipment around them in India. The venture targets multi-gigawatt rack capacity and builds on a strategic alliance announced in June.
