India has recently taken a daring move in the quest for global AI infrastructure. Cloud service firms based in India that manage global workloads would be eligible for a tax break until 2047, according to Finance Minister Nirmala Sitharaman. Income from services offered abroad is effectively tax-free. Microsoft, Amazon, and Google are investing tens of billions into increasing their computing capacity in India, which is why they are taking this step. But the very growth that New Delhi is attempting to quicken is in jeopardy due to water scarcity and power outages.The Move will Put India Ahead in AI RaceIndia just won the worldwide AI infrastructure contest by offering a tax exemption that would last for 23 years. The idea was revealed in the country’s annual budget on 02 February by FM. It states that international cloud providers will not be taxed on earnings from services sold outside of India until 2047. It is done because the workloads in question are hosted in data centres in India.Putting faith in tax incentives to tackle infrastructure challenges is a huge gamble. On top of that, it will set India up to be the frontrunner for the influx of capital into artificial intelligence… Read MoreStartupTalky- Business News, Insights and Stories
