GenAI

By 2030, India's GCC market is projected to grow to USD 99-105 billion, with a workforce exceeding 2.4 million professionals.

70 per cent of firms indicated a strong desire to use GenAI for automation, highlighting the increasing adoption of AI-powered autonomous systems across industries.

India's GenAI startup base has grown 3.6X from H1 CY2023 to H1 CY2024, spanning across infrastructure, applications, also more than 17 Indic and vertical models have been launched, there's been a 4X rise in GenAI assistants, and GenAI service startups have surged by 4.6X

Leveraging Infosys Topaz and Google Cloud technology, the center of excellence will foster co-innovation to deliver transformative AI-powered solutions.

The company has about 1,600 employees globally, out of which nearly 800 are based out of the India. Most of the company's R&D and product engineering talent sits out of its Bengaluru office.

India has demonstrated remarkable growth in innovation, funding, and talent development

65 % of GenZ professionals' express optimism about GenAI's potential in their careers, while 77 % view it as a powerful technology for innovation and advancement

The report highlights that Gen AI is at the helm of cyber investment priorities, with 87 per cent of organizations having boosted their investments over the last 12 months.

78% of GCCs in India are skilling their teams for GenAI, while 37% are piloting use cases

The total number of GenAI startups surged 3.6 times, from over 66 in the first half of CY23 to more than 240 by the first half of 2024.

Most Indian IT companies have already started training their existing workforce on AI and modern technologies

The global market of GenAI is projected to reach USD 67.18 billion in 2024 to USD 967.65 billion by 2032

Sage currently provides data on 13 key crops, including wheat, rice, potato, and maize among others

AI integration into all key sectors including tourism, education, healthcare, IT, and renewable energy will be seen

A significant portion of clinicians (79%) and researchers (80%) believe that AI will be a major disruption to society

The fund intends to invest in approximately 30–40 companies, classifying investments according to criteria such as innovation, scalability, profitability, market expansion potential, and valuation.

One of the significant risks associated with Generative AI lies in its potential to produce misinformation and fake content. The AI algorithms, while powerful, are not perfect. They can inadvertently generate false or misleading information, leading to reputational damage and loss of trust