Global AI leaders gathered in New Delhi on the eve of India adjusting frontier technology investment rules to incentivize innovation.

India has redefined the criteria for identifying frontier technology companies, extending the qualification period to 20 years in order to promote frontier innovation through tax incentives and government funding. The Ministry of Commerce and Industry in India clarified last week that companies operating in areas such as artificial intelligence, biotechnology, quantum computing, and advanced materials with annual revenues not exceeding 30 billion Indian rupees can be recognized as frontier technology companies. Platforms and consumer applications that have dominated India's entrepreneurial ecosystem in the past and have received the majority of government funding do not meet the criteria. This policy adjustment comes just before the largest ever artificial intelligence event in New Delhi next week. It is expected that all leading figures in the field of artificial intelligence will attend, including OpenAI founder Altman, Google CEO Pichai, NVIDIA CEO Huang Renxun, and Anthropic CEO Dario Amodei.