As the world’s top technology executives converged on India’s AI Impact Summit this week, Google CEO Sundar Pichai pushed back on growing concerns over whether the tech industry’s massive AI spending spree can ever pay off.“These are such leverage investments and drive so much growth and value,” Pichai said in a briefing at the summit on Wednesday, adding that the current AI build-out is moving “10 times faster” than prior industrial revolutions. “I believe this is a transformational moment like that,” he said.Pichai pointed to surging Google Cloud demand as evidence that returns are already materializing. “The investment makes sense given the economy we are seeing and the opportunities we see,” he said. The comments come weeks after Alphabet revealed it plans to devote between $175 billion and $185 billion to capital expenditures in 2026.
Pichai also announced a fresh round of investments in India at the summit. In terms of infrastructure, the company unveiled a new America-India Connect Initiative—fiber-optic routes linking the U.S., India, and locations across the Southern Hemisphere—that builds on a previous $15 billion AI infrastructure commitment. For research, Google launched a $30 million AI for Science Impact Challenge to fund researchers globally using AI to drive scientific breakthroughs. The company also announced a new partnership between Google DeepMind and the Indian government to extend access to frontier models for science and education.
