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The AI market in India is projected to reach $8 billion by 2025, growing at a compound annual growth rate (CAGR) of over 40% from 2020 to 2025. [1] This growth is part of the broader AI boom, a global period of rapid technological advancements starting in the late 2010s and gaining prominence in the early 2020s.
INDIAai is a web portal launched by the Government of India in May 2022 for artificial intelligence-related developments in India.It is known as the National AI Portal of India, which was jointly started by the Ministry of Electronics and Information Technology (MeitY), the National e-Governance Division (NeGD) and the National Association of Software and Service Companies (NASSCOM) with ...
Corporations around the world began to develop and deploy expert systems and by 1985 they were spending over a billion dollars on AI, most of it to in-house AI departments. [186] An industry grew up to support them, including hardware companies like Symbolics and Lisp Machines and software companies such as IntelliCorp and Aion .
BENGALURU (Reuters) -Microsoft will spend $3 billion to expand its Azure cloud and artificial intelligence (AI) capacity in India, CEO Satya Nadella said on Tuesday, doubling down on a country ...
Its capacity was ten times greater than that of the T-NLG. It was introduced in May 2020, [132] and was in beta testing in June 2020. 2022 ChatGPT, an AI chatbot developed by OpenAI, debuts in November 2022. It is initially built on top of the GPT-3.5 large language model.
Following "Agentic AI," Huang introduced the concept of "Physical AI," where AI transcends the digital realm to interact directly with the physical world. Physical AI involves AI systems that can ...
UPI has able to make India a cashless and cardless economy, also strain on ATM infrastructure has reduced significantly. Digital rupee (e₹) or eINR or e-rupee is a world's first digital national currency, to be issued by the Reserve Bank of India (RBI) as a central bank digital currency (CBDC). Digital Rupee is using blockchain distributed ...
While much AI innovation is happening in the U.S., other governments around the world are moving more quickly to shape future rules. In November, the U.K. is hosting a global AI summit.