India’s Path in the Generative AI Race

Posted under: AI technologies
Date: 2023-10-17
India’s Path in the Generative AI Race

In the high-stakes race for supremacy in the emerging field of generative AI, India, a thriving technological economy and one of the largest startup ecosystems in the world, is fighting an uphill battle to catch up with global leaders. There are no major Indian competitors to large language model titans like OpenAI's ChatGPT, Google Ventures-backed Anthropic, or Google Bard. However, India is home to over 1,500 AI-based firms that have earned over $4 billion in funding. India, though, can benefit from this upheaval. Rapid growth in agriculture, which employs more than 40 percent of the workforce, and the lack of a need for automation in manufacturing due to a cheap and plentiful labor force bode well for the services sector, ultimately increasing productivity. As a result, large Indian consultancies like Infosys and TCS have begun developing generative AI projects to address particular problems their clientele confronts.

Read more at: www.moneycontrol.com