AI startups Mushrooming

The AI startup ecosystem in India is mushrooming rapidly, with new companies emerging all the time. These startups are developing innovative solutions using AI to address a wide range of challenges in industries such as healthcare, finance, education, agriculture, and retail.

Many AI startups are rapidly emerging in India. These companies including GreyOrange, SigTuple, Fractal Analytics, InMobi, Ola Cabs, Flipkart and others are well-positioned to help the country capitalize on the growing potential of AI and become a global leader in this field.

In addition to the startups mentioned above, there are many other AI startups in India that are working on innovative solutions to address a wide range of challenges. Some of these startups are still in the early stages of development, but they have the potential to make a significant impact in the coming years.

Generative AI, a subset of artificial intelligence deploys deep learning on a very large scale of data to “generate” content – text, images, video, audio, code etc – has not just captured the imagination of people but is now also assisting companies in various functions.

While some Indian tech firms are building Gen AI tools in integration with the popular Generative Pre-trained Transformer (GPT) created by OpenAI, some natively natural language processing startups are building their own machine learning language models.

The growth of the AI startup ecosystem in India is being driven by a number of factors, including:

· The increasing availability of data and computing resources.

· The growing demand for AI solutions from businesses and consumers.

· The government's support for AI research and development.

The Indian government has launched a number of initiatives to promote the growth of AI in the country, including the National Artificial Intelligence Strategy and the NITI Aayog's Responsible AI Framework. These initiatives are helping to create a conducive environment for AI startups to thrive. The future of the AI startup ecosystem in India is very bright. With its young and talented population, strong entrepreneurial spirit, and supportive government policies, India is poised to become a global leader in AI innovation

S Mohini Ratna, Editor, VARINDIA