CNBC's Inside India newsletter: India is throwing its weight behind AI — but is there substance behind the headlines?

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This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse. Subscribe here.

Three years ago, OpenAI CEO Sam Altman told an audience in India, “it’s totally hopeless to compete with us on training foundation models but you should try anyway.” Altman walked back his comments the next day.

A couple of years later, China’s DeepSeek emerged as a contender to OpenAI’s ChatGPT and chatbots from other U.S. tech giants. Indian citizens resurfaced Altman’s comment, declaring that China had already proven him wrong.