OpenAI Chief Executive Sam Altman met with India's IT Minister Ashwini Vaishnaw on Wednesday and discussed India's plan of creating a low-cost AI ecosystem.

India is OpenAI’s second-largest market, with users tripling in a year, company CEO Sam Altman said. This and more in today’s ETtech Top 5.Also in the letter:■ AI’s shifting economics■ Snap promotes Ajit Mohan■ Alphabet misses estimatesSam Altman: India second largest market for OpenAI;

OpenAI CEO Sam Altman praised India's significant growth in AI, highlighting it as a key market. Despite previous skepticism, he now sees India as a leader. Altman addressed pricing concerns linked to China's DeepSeek platform and foresaw a dropping cost of AI technology,

Sam Altman’s current endorsement of India’s AI capabilities marks a notable shift from his previous stance. In a 2023 interview, he had expressed doubts about India being able to develop AI models com

In contrast with OpenAI, which follows a closed model, DeepSeek’s AI model discloses its full chain of reasoning in an open source model. Altman called DeepSeek’s R1 model “impressive” during a short thread on X.com early last week.

Altman acknowledges India’s growing role in AI, as OpenAI faces new competition and legal challenges in the country.

Sam Altman, the CEO of ChatGPT maker OpenAI, on his second visit to India in two years, urged the nation to become a leader in artificial intelligence (AI). This is in sharp contrast to his earlier stance where he had called competing with OpenAI on AI models a totally “hopeless” endeavour, particularly for young Indian startups.

OpenAI released its latest model, Deep Research, using which one can gather information from across the internet and synthesise it to create a comprehensive report at the level of a research analyst

As part of his global tour, OpenAI CEO Sam Altman is in Delhi today for the company’s DevDay, joined by India’s IT minister Ashwini Vaishnaw and OpenAI’s policy lead Pragya Misra. Altman underlined India’s significance in the global AI ecosystem, also calling it their second biggest market.