Many countries, including the United States and China, have increased their technology investments. India has joined these countries and aims to grow particularly in the field of artificial intelligence. With a $250 billion IT sector, the country wants to capitalize on its capabilities and young population to catch up with the growing trend in this field. Here are all the details…
Indian computer engineers are known for their successes, especially in places like Silicon Valley. At a conference held in Mumbai, it was determined that the artificial intelligence market would reach a size of $300 billion by 2027, with approximately $17 billion of this directly resulting from demand in India.
India to boost artificial intelligence investments
At first glance, the lack of a comprehensive artificial intelligence infrastructure in the country may seem like a major drawback. However, it is argued that due to the dynamism the country possesses, it has the potential to even produce a company like OpenAI in the long term.
In addition to government initiatives, private companies are also very enthusiastic about artificial intelligence technologies. Mukesh Ambani’s company Reliance Industries, one of the richest individuals in India, is preparing to launch a chatbot similar to ChatGPT for top schools in the country next month.
It is also rumored that another billionaire, Vinod Khosla, is spending large sums of money on artificial intelligence models specifically designed for India. Microsoft’s Indian CEO Satya Nadella recently stated that artificial intelligence technology has become a necessity for countries and companies, and those who fail to catch up with this trend will have to pay a heavy price.
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