Indian Investors Upbeat on AI Plays Even as Global Investors Turn Wary

Indian investors remain optimistic about artificial intelligence (AI) companies, even as global investors become more cautious. The article highlights that Indian startups focused on AI have raised over $1 billion in funding this year, surpassing the total for 2022. This trend is driven by the increasing adoption of AI across various sectors, including healthcare, finance, and e-commerce. However, global investors have become more cautious due to concerns about the potential risks and ethical implications of AI. Despite this, Indian investors remain bullish on AI, believing that the country’s large talent pool and cost advantages will drive growth in this sector. The article also notes that the Indian government’s initiatives, such as the National Strategy for Artificial Intelligence, have further fueled investor interest in AI startups.

Source: https://www.bloomberg.com/news/articles/2024-11-06/indian-investors-upbeat-on-ai-plays-even-as-global-investors-turn-wary