Gates has not been accused of wrongdoing by any of Epstein’s victims and the appearance of his name in the files does not imply criminal activity of any kind.
The Gates Foundation said Ankur Vora, president of its Africa and India offices, would speak at the summit instead of Gates.
The organisation added that it remained “fully committed” to its work in India to advance “shared health and development goals”.
Gates’s decision to not speak to the summit came after days of uncertainty over whether he would attend.
He is currently in India and had visited the southern state of Andhra Pradesh on Monday, where he reportedly discussed initiatives for boosting health, agriculture, education and technology.
After media reports speculated he would pull out of the summit, his foundation said on Tuesday he would deliver the address as scheduled.
Gates’s withdrawal is a blow for the summit, which India has pitched as a flagship gathering to position the country as a global AI hub.
The five-day summit features policy discussions, start-up showcases and closed-door meetings on AI governance, infrastructure and innovation.
The event has also seen investment pledges by companies, including Microsoft, to expand AI access and infrastructure in countries such as India.
Delegates from more than 100 countries, including several world leaders, are attending the event.
But it has already been marked by some controversies over mismanagement on the first day and an Indian university’s claims to have developed a robot dog – which turned out to be made in China.
