Thursday, February 5, 2026 at 4:00 AM
The Indian government is incentivizing tech investments with a 20-year tax break to attract U.S. AI companies, aiming to position India as a major AI hub for global services.
Lured by its big, tech-savvy population, Google and other giants are sinking tens of billions into the Indian market.
Investors have punished big-spending tech giants and software companies while betting on memory chips.
When considered as a percentage of GDP, the projected spending of four tech giants for 2026 rivals the most momentous capital efforts in U.S. history, as shown in these charts.
AI is supercharging Google’s advertising and cloud-computing businesses, and the company is ramping up spending to unheard-of levels.
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