The Era of Industrialization of AI — and India’s Strategic Opportunity
Over the last few days, the top five US technology companies have announced a cumulative capital expenditure of about $670 billion for 2026 alone(!). This figure exceeds the annual GDP of nations like Switzerland or Poland. But, this is not just a large number. It's a structural break. For two decades, technology was defined by its asset-light character. Code scaled faster than concrete. Software displaced steel. Platforms replaced plant. This paradigm is now reversing. Artificial Intelligence at frontier scale is not asset-light. It is infrastructure-dependent. It demands hyperscale data centres, gigawatts of power, advanced cooling systems, semiconductor supply chains, and physical redundancy engineered for near-zero downtime. The firms once celebrated for minimal capital intensity are now building industrial-scale infrastructure. We are entering the era of Industrialisation of AI — where tech giants are no longer just coding—they are building the physical crus...