https://sputniknews.in/20250129/why-indian-billionaires-should-invest-in-homegrown-ai-models-8713362.html
Why Indian Billionaires Should Invest in Homegrown AI Models
Why Indian Billionaires Should Invest in Homegrown AI Models
Sputnik India
Why Investing in Domestic Neural AI Networks is a Key Opportunity for Indian Billionaires?
2025-01-29T20:53+0530
2025-01-29T20:53+0530
2025-01-29T20:53+0530
india
science & tech
science & tech
artificial intelligence (ai)
ai chatbots
generative ai
rising economies
indian economy
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India's artificial intelligence (AI) market, valued at $8.58 billion in 2024, is on the brink of significant expansion, with projections suggesting it will soar to $22 billion by 2027. The chatbot segment is anticipated to reach a remarkable $1.26 billion by 2030, according to a report released last year by NASSCOM-EY.Experts believe that these platforms cater to India’s vast, multilingual population—an area where foreign AI solutions often fall short.Pranav Mistry, founder of TWO AI and ChatSutra, which offers communication services in 50 languages and is supported by the Ambani group’s Reliance Jio, highlighted the significance of investing in domestic AI models. Unlocking Local Market Potential for Economic GrowthMistry highlighted that domestic AI platforms utilize local languages and cultural contexts to develop solutions that more effectively meet the needs of Indian users and energise technological innovations and economic growth.Ankush Sabharwal, founder and CEO of CoRover and BharatGPT, India's homegrown generative AI, stressed the transformative potential of domestic neural AI networks. He noted that these networks can automate processes, streamline workflows, and empower businesses to cut costs while enhancing productivity and innovation for sustainable growth.Moreover, experts believe AI models tailored to India’s needs will transform sectors like healthcare, education, agriculture, and governance.“For example, AI diagnostic tools can enhance healthcare outcomes, while AI-driven educational platforms can improve learning experiences. These networks can also address India's social and economic challenges, such as limited access to healthcare and education, by creating solutions that improve quality of life for communities,” Sabharwal explained.With over 1,600 languages spoken across India, AI models supporting multiple Indian languages are critical to enhancing user experience and accessibility. Mistry points out that investing in domestic AI will reduce reliance on imported technologies, generate jobs, and strengthen India’s technical capabilities.
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artificial intelligence (ai), chatbot market, domestic neural ai networks, indian billionaires, chatsutra, chatsonic, bharat gpt, krutrim ai, ai innovation, pranav mistry founder of chatsutra, reliance jio, ankush sabharwal founder and ceo of corover and bharatgpt,
artificial intelligence (ai), chatbot market, domestic neural ai networks, indian billionaires, chatsutra, chatsonic, bharat gpt, krutrim ai, ai innovation, pranav mistry founder of chatsutra, reliance jio, ankush sabharwal founder and ceo of corover and bharatgpt,
Why Indian Billionaires Should Invest in Homegrown AI Models
The rise of domestic neural AI networks like ChatSutra, ChatSonic, Bharat GPT, and Krutrim AI presents a unique opportunity for Indian billionaires to invest in an expanding, high-potential market.
India's artificial intelligence (AI) market, valued at $8.58 billion in 2024, is on the brink of significant expansion, with projections suggesting it will soar to $22 billion by 2027. The chatbot segment is anticipated to reach a remarkable $1.26 billion by 2030, according to a report released last year by NASSCOM-EY.
Experts believe that these platforms cater to
India’s vast, multilingual population—an area where foreign AI solutions often fall short.
Pranav Mistry, founder of TWO AI and ChatSutra, which offers communication services in 50 languages and is supported by the Ambani group’s Reliance Jio, highlighted the significance of
investing in domestic AI models. "As domestic neural AI networks gain traction, investing in them is crucial for addressing India’s linguistic, cultural, and economic needs, while ensuring the country's leadership in the global AI ecosystem," Mistry told Sputnik India.
Unlocking Local Market Potential for Economic Growth
Mistry highlighted that domestic AI platforms utilize local languages and cultural contexts to develop solutions that more effectively meet the needs of Indian users and
energise technological innovations and economic growth.
"Supporting local AI models allows investors to drive innovation tailored to Indian markets, unlock untapped opportunities, and foster economic growth while reducing dependency on foreign technologies," Mistry said.
Ankush Sabharwal, founder and CEO of CoRover and BharatGPT, India's homegrown generative AI, stressed the transformative potential of domestic neural AI networks. He noted that these networks can automate processes, streamline workflows, and empower businesses to cut costs while enhancing productivity and innovation for sustainable growth.
“Investing in domestic AI is a strategic opportunity to leverage AI/ML for operational efficiency and sustainable economic growth. These AI models can be developed specifically for Indian markets, utilising techniques like transfer learning, NLP, and computer vision,” Sabharwal told Sputnik India.
Moreover, experts believe AI models tailored to India’s needs will transform sectors like healthcare, education, agriculture, and governance.
“For example, AI diagnostic tools can enhance healthcare outcomes, while AI-driven educational platforms can improve learning experiences. These networks can also address India's social and economic challenges, such as limited access to healthcare and education, by creating solutions that improve quality of life for communities,” Sabharwal explained.
With over 1,600 languages spoken across India, AI models supporting multiple Indian languages are critical to enhancing user experience and accessibility.
“Encouraging the development and adoption of Sovereign AI large language models (LLMs) like BharatGPT and Bhashini can create new opportunities for entrepreneurship and global competitiveness. By investing in these networks, Indian billionaires can drive technological advancement and position India as a global leader in AI innovation,” Sabharwal says. “Platforms like Sutra are setting benchmarks in multilingual AI, surpassing models like GPT and Llama in Indian languages."
Mistry points out that investing in domestic AI will reduce reliance on imported technologies, generate jobs, and strengthen India’s technical capabilities.
"Scalable, cost and energy-efficient models like those we are building ensure AI is advanced yet inclusive, directly contributing to technological advancement and the long-term economic future of India," Mistry concluded.