Adani Group Pledges $100B for AI Data Centers

- This investment is expected to catalyze an additional $150 billion in the surrounding ecosystem by 2035, covering server manufacturing, advanced electrical infrastructure, and sovereign cloud platforms. - The plan will expand AdaniConneX's—a joint venture with U.S.-based EdgeConneX—data center capacity from its current 2 gigawatts (GW) to a target of 5 GW. - To power the energy-intensive AI data centers, Adani Green Energy will utilize its 30 GW Khavda renewable energy project, of which over 10 GW is already operational. The group has also committed an additional $55 billion to expand its renewable portfolio, including large-scale battery energy storage systems. - Adani is partnering with major tech companies, including Google, to build a gigawatt-scale AI data center campus in Visakhapatnam, and is collaborating with Microsoft on projects in Hyderabad and Pune. - The initiative includes a deeper partnership with Walmart-owned Flipkart to develop a second AI-focused facility to support e-commerce, high-performance computing, and large-scale AI workloads. - A significant portion of the GPU capacity within the 5 GW platform will be reserved for Indian AI startups, research institutions, and deep-tech entrepreneurs to address domestic compute shortages. - This move positions Adani to compete in India's rapidly growing data center market, which is projected to grow from a capacity of 950 MW in 2024 to 2 GW by 2026, even before accounting for this new initiative. - Chairman Gautam Adani has stated the goal is to build a "complete five-layer AI stack focused on India's technological sovereignty," aiming for India to be a creator and exporter of intelligence, not just a consumer.