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Artificial Intelligence and India's Role in Tech Development

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by Giorgi Kostiuk

a year ago

  1. AI Leads in Crypto Narrative This Year
  2. India is Strategically Placed for AI Innovation
  3. Growing Investments and Innovations in India


    4. In 2024, artificial intelligence (AI) continues to be the dominant topic against all crypto narratives. Amid sectorial leadership, India is positioning itself to play a key role through global partnerships.

    AI Leads in Crypto Narrative This Year

    According to Kaito research, AI, DeFi, MEME, and Layer 2 solutions are the top crypto topics from January to August 2024. While AI experienced a growth rate of 6%, Chain Abstraction saw a standout performance with a 673% rise.

    India is Strategically Placed for AI Innovation

    Global tech giants are leveraging AI's potential to achieve strategic advantages. Microsoft recently announced a $1.3 billion investment in AI infrastructure in Mexico. Concurrently, India is emerging as a major AI player, as evidenced by meetings between Google and Nvidia executives and Indian Prime Minister Narendra Modi.

    Growing Investments and Innovations in India

    The Indian vertical of German software company SAP Labs has also announced scaling AI innovations locally. Indian startup Qure.AI, specializing in AI-driven healthcare solutions, recently secured $65 million in funding. According to SAP India research, 77% of Indian startups are already investing in advanced technologies like AI, machine learning, and blockchain.

    India shows significant advancements in artificial intelligence, reaffirming its potential for leading positions on the global tech stage.

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