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𝗜𝗻𝗱𝗶𝗮 𝗔𝗶𝗺𝘀 𝗳𝗼𝗿 𝗔𝗜 𝗦𝘂𝗽𝗿𝗲𝗺𝗮𝗰𝘆: ₹𝟮,𝟬𝟬𝟬 𝗖𝗿𝗼𝗿𝗲 𝗙𝘂𝗲𝗹𝘀 𝗦𝘁𝗮𝗿𝘁𝘂𝗽 𝗚𝗿𝗼𝘄𝘁𝗵 🚀 Exciting news for the Indian AI sector! The #Indiangovernment has allocated ₹2,000 crore specifically to fund and support AI-focused startups. This significant investment is expected to accelerate innovation and development in the field. With this #funding, startups will have greater access to resources to develop cutting-edge AI solutions. This has the potential to propel India's position as a global leader in AI research and development. As a part of the Indian AI Industry, we, at Rezo.ai, cannot be more elated with this announcement. As the government offers support, we are sure to see some amazing advancements coming from every nook and corner of the country. Embrace the power of Artificial Intelligence in your company. Schedule a FREE consultation call with us today. (Link in First Comment🔗) Manish Gupta | Rashi Gupta (Ph.D) | Harsh Patni | Deepak Satish Jhavar(DJ) #RezoAi #AIForIndia #CX #AIWeekly

PM Modi said that his team utilised AI to classify all suggestions received from more than 15 Lakh people about their vision of India in 2047 in a “subject-wise” manner. So far, all senior Ministers and bureaucrats have called for maintaining a fine balance between innovation and regulation. As per Inc42, the homegrown GenAI market is expected to see a major boom in the coming years and will likely cross the $17 Bn mark by 2030.🙌 The government also unveiled the INR 10,372 Cr IndiaAI Mission to fuel the adoption of the technology and growth of startups in the domain. According to Inc42 data, India is home to 100+ GenAI startups that have raised $600 Mn till date. The potential of GenAI in India is also noteworthy. What are your thoughts on using AI for policy development? How can we ensure citizen voices are effectively heard in such initiatives? #India #AI #GenAI #Policy #startup #founder

📰 News: 📰 🚀 --Are Skilled Researchers the Secret Ingredient for AI Startups?-- 🧠🇮🇳 Let's talk about why it's not the funding, but the talent pool that's holding back AI startups in India. 🛑💸 According to top investors and founders at the Global IndiaAI Summit, while there’s no shortage of money, it's the skilled researchers who are few and far between. 🔍 Rajan Anandan, managing director of Peak XV, summed it up perfectly, “India doesn’t have a paucity of capital, and today what is happening is that capital is being invested in the best founders who are building the most interesting companies. So in AI, what we are seeing is the beginning of an interesting wave of AI application companies.” Here are some key highlights: - 💰 India doesn't lack capital; entrepreneurs have access to funding more than ever. - 📊 Despite the investments, there's a glaring gap in skilled AI researchers. - 🌊 We are on the brink of a new wave of AI applications in India, given the right talent. What do you think is more crucial for AI startups: more funding or more skilled researchers? Share your thoughts in the comments below! 👇 Don't forget to follow Bernier Group for more insights on business culture and digital transformation. 🚀 #AIDriven #Digital #AI #Data #SMB #SME #Strategy #Innovation #Business #ArtificialIntelligence #AnniQ https://lnkd.in/evKaz9ua

I stumbled upon an interesting read on the investments made in the Indian AI startup environment in #TechCrunch this morning. 𝗙𝘂𝗻𝗱𝗶𝗻𝗴 𝗳𝗮𝗰𝘁𝘀 𝗼𝗳 𝗜𝗻𝗱𝗶𝗮𝗻 𝗔𝗜 #𝘀𝘁𝗮𝗿𝘁𝘂𝗽𝘀: 🔵 2022: USD 554.7 million 🔵 2023: USD 113.4 million 🔵 To date in 2024: USD 92 million 𝗜𝗻 𝘁𝗵𝗲 𝗨𝗦, 𝗳𝘂𝗻𝗱𝗶𝗻𝗴 𝗶𝘀: 🔵 2022: USD 5.2 billion 🔵 2023: USD 16.2 billion 🔵 To date in 2024: USD 13 billion 𝗧𝗵𝗲 𝘀𝘁𝗼𝗿𝘆 𝗳𝗿𝗼𝗺 𝘁𝗵𝗲 𝗱𝗮𝘁𝗮 𝗶𝘀 𝗰𝗹𝗲𝗮𝗿: 𝗜𝗻𝗱𝗶𝗮 𝗶𝘀 𝗳𝗮𝗹𝗹𝗶𝗻𝗴 𝗯𝗲𝗵𝗶𝗻𝗱 𝗶𝗻 𝗔𝗜 𝗶𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻. This data is concerning, given India's massive engineering talent pool. However, the potential for India to lead in #AI innovation is immense, especially if we move beyond merely providing AI-driven services through tech service players. India's diversity allows for innovative use cases and unique AI applications that suit local market needs. Some of the AI works from India are unique where companies like #Wysa are examples of homegrown talent addressing local market and global challenges with cutting-edge AI solutions. 𝗡𝗼𝘄 𝗜𝗻𝗱𝗶𝗮 𝘀𝘁𝗮𝗻𝗱𝘀 𝗮𝘁 𝗮 𝗰𝗿𝗼𝘀𝘀𝗿𝗼𝗮𝗱𝘀 𝗶𝗻 𝗶𝘁𝘀 𝗔𝗜 𝗷𝗼𝘂𝗿𝗻𝗲𝘆. India can change the AI landscape by strategically focusing on innovation and exploiting its broad market. India can assert its leadership in #artificialintelligence globally by fostering entrepreneurs who think beyond service offerings and strive to produce ground-breaking solutions. 𝗧𝗵𝗲 𝘁𝗮𝗹𝗲𝗻𝘁 𝗮𝗻𝗱 𝗱𝗿𝗶𝘃𝗲 𝗮𝗿𝗲 𝗵𝗲𝗿𝗲—𝗻𝗼𝘄 𝗶𝘁'𝘀 𝗮𝗯𝗼𝘂𝘁 𝗵𝗮𝗿𝗻𝗲𝘀𝘀𝗶𝗻𝗴 𝘁𝗵𝗲𝗺 𝘁𝗼 𝗯𝘂𝗶𝗹𝗱 𝘁𝗵𝗲 𝗳𝘂𝘁𝘂𝗿𝗲 𝗼𝗳 𝗔𝗜.

You have an AI  startup idea. But, Struggling to get funding for your AI startup idea? The Indian government just announced a massive ₹10,372 crore mission spread over 5 years to boost homegrown AI development. Here's what you need to know: This mission is all about giving Indian AI startups a leg up. They'll get easier access to funding to help them develop their ideas and turn them into real products. Plus, there's extra cash for AI projects that aim to solve social problems. Pretty cool, right? But.. But.. Only funding is enough? So, Building powerful computers is key for AI, and IndiaAI gets that. More than 10,000 GPUs through a PPP model. [PPP- Public Private Partnership] This will benefit everyone, from researchers to tech companies across the country. Also, IndiaAI plans to create a special research centre to attract the best AI minds in the world. This will help develop cutting-edge AI solutions for all sorts of challenges. Finding good data for AI projects can be tough. This mission will make public data sets more accessible and easier to use. Plus, they'll offer new AI courses to help everyone learn this cool tech. 👉 This mission has one big goal: To make India a global leader in AI. By supporting startups, research and education. Stay tuned for further updates. — Thanks for reading and see you for the next one!😊 #indiaai #business #startup #enterpreneur #indianstartups

"India is well-positioned to shape the future of AI," says Sundar Pichai. When someone mentioned that while many Indian candidates are smart, they often lack strong foundational knowledge, he responded: "Real success comes from understanding things deeply." He emphasized that Indians truly understand concepts, not just know them. I agree that India has great potential in AI. There are many innovative ways AI is being used in India, and new startups are emerging. These startups show India's ability to adapt and innovate with AI. With its talented and creative tech community, India is well-positioned for AI advancements. #ArtificialIntelligence #AI

Did you know that funding for Indian AI startups has plummeted by a staggering 91% in Q2? In a surprising turn of events, Indian AI startups have seen their funding drop dramatically from $92 million last year to just $8.2 million in the second quarter of this year. Investors have hit the brakes due to a lack of successful use cases and the current volatile market influenced by rising interest rates and geopolitical tensions. The decline suggests that while there was initial excitement and investment, the sustainability of these startups has come into question. The industry now faces a big squeeze, making it crucial for startups to demonstrate tangible value and real-world applications to attract future investments. This raises an important question: Was AI just a bubble, similar to the dot-com wave, or is it actually the future? The initial surge in investments indicated strong belief in AI's potential, but the current funding drought suggests a need for reevaluation. Is this downturn a sign of an overhyped industry, or simply a necessary correction on the path to sustainable innovation? What do you think this means for the future of AI innovation in India? Was AI just a bubble, or is it truly the future? Thoughts!

India may not be the 1st or 2nd or even 10th to start off in many things, but many a times we have been the best even after starting late. Whether it is payments, mobile network etc and the same might be true for India's AI." -Rajan Anandan at the Global India AI summit today. The future of AI does look bright in India with the government laying out Rs 10,000 cr of investment over the next few years in the area of AI and out of that Rs 2000 cr only in promoting startups in the AI domain. A large part of the investment will also go in providing subsidised compute power to the startups and researchers. We at Change Engine are committed to helping future founders who want to create products in the AI foundational or application level. Stay tuned for a lot of initiatives from Change Engine in understanding and promoting AI in India. INDIAai #MeitY #AI #startups

𝗧𝗵𝗲 𝗔𝗜 𝗥𝗲𝘃𝗼𝗹𝘂𝘁𝗶𝗼𝗻 𝗡𝗲𝗲𝗱𝘀 𝗮 𝗧𝗮𝗶𝗹𝗼𝗿𝗲𝗱 𝗥𝗲𝗴𝘂𝗹𝗮𝘁𝗶𝗼𝗻 An Inc42 Media survey of over 50 venture capital investors revealed that 84% perceive the boom in Generative AI (GenAI) investments in India as highly driven by FOMO. This aligns with the data showing a 4.4x increase in funding for Indian GenAI startups in 2024 compared to 2020. Amid the incredible growth of India’s AI ecosystem, one major roadblock remains: 𝗿𝗲𝗴𝘂𝗹𝗮𝘁𝗼𝗿𝘆 𝘂𝗻𝗰𝗲𝗿𝘁𝗮𝗶𝗻𝘁𝘆. Currently, AI operates under general data privacy, cybersecurity and copyright laws—but these fail to address the unique challenges AI brings, such as bias, transparency and accountability. 𝗪𝗵𝘆 𝘀𝗲𝗰𝘁𝗼𝗿𝗮𝗹 𝗿𝗲𝗴𝘂𝗹𝗮𝘁𝗶𝗼𝗻 𝗺𝗮𝗸𝗲𝘀 𝘀𝗲𝗻𝘀𝗲: 𝗙𝗶𝗻𝘁𝗲𝗰𝗵: Focus on unbiased models for credit scoring and fraud detection to avoid disadvantageing low-income individuals. 𝗛𝗲𝗮𝗹𝘁𝗵𝗰𝗮𝗿𝗲: Ensure ethical AI applications in diagnostics and personalized treatments. 𝗘𝘃𝗲𝗿𝘆 𝗼𝘁𝗵𝗲𝗿 𝘀𝗲𝗰𝘁𝗼𝗿: Craft tailored guidelines to balance innovation and risk. As industry leaders highlight, a 𝘀𝗲𝗰𝘁𝗼𝗿-𝘀𝗽𝗲𝗰𝗶𝗳𝗶𝗰 𝗮𝗽𝗽𝗿𝗼𝗮𝗰𝗵 is the need of the hour. A universal, one-size-fits-all regulation risks stifling early-stage startups while failing to mitigate sector-specific challenges. As Artha India Ventures Damani suggests, a 𝗽𝗵𝗮𝘀𝗲𝗱 𝗿𝗼𝗹𝗹𝗼𝘂𝘁 with tailored regulations is a better way to support growth while ensuring accountability. India hosts a thriving ecosystem of over 200 GenAI startups, collectively securing more than $1.2 billion in funding from 2020 through the third quarter of 2024. 𝗜𝗻𝘃𝗲𝘀𝘁 𝗶𝗻 𝗴𝗿𝗼𝘂𝗻𝗱𝗯𝗿𝗲𝗮𝗸𝗶𝗻𝗴 𝘀𝘁𝗮𝗿𝘁𝘂𝗽𝘀 𝗻𝗼𝘄 𝘄𝗶𝘁𝗵 𝗖𝗿𝗲𝗱𝗱𝗶𝗻𝘃’𝘀 𝗣𝗿𝗲𝗺𝗶𝘂𝗺 𝗦𝗲𝗿𝗶𝗲𝘀: https://lnkd.in/d7xdUYfD #AI #invest #investments #investor #creddinv #investmentopportunity #startup #startupinvestments

Jensen Huangs visit to #India has been an amazing experience in terms of his perspective on how the #AI gameplan is playing out. Here are my key takeaways from his visit 1️⃣ AI can't do 100% of a person's job. It can do 40 -50 % of the job but 100 times better so #Skill up because AI is not going to take your job away. Someone who can use AI better than you will. 2️⃣ We are going to move away from telling the computer what to do to telling the computer what we intend to do. AI will be the Genie in the lamp but you need to tell it what to do. 3️⃣ The ingredients for AI are High-quality human #intelligence, #Energy and #Data. India has 600 million people generating Data, an abundance of #renewable energy, and the highest quality #Tech #talent. India is best positioned to capitalize on it. 4️⃣ India is moving away from a backend cost reduction. AI can help it move into a #revenue-generating industry. 5️⃣ As business leaders we surround ourselves with people more talented and intelligent than us and then put checks and balances to regulate them. AI needs to be treated similarly. #founders #startups #innovation #technology #Entrepreneurship #management #humanresources