According to the report, India will focus on investments in AI infrastructure in 2024 and 2025 to prepare for major changes in the future.
Artificial intelligence (AI).
artificial intelligence (A.I.) Spending in India is expected to grow faster than other countries such as Australia, Indonesia, Japan, South Korea, Malaysia, Singapore and Taiwan. Experts predict it will increase by about 31.5% every year starting in 2023, and by 2027 that number could reach a whopping $5.1 billion, a new report has found.
“With 20% of the world’s data and AI talent, India’s strategic position as a global AI leader is strengthened by its strong developer community and skills penetration, and is poised to surpass even the US. ” said the joint report. intel According to International Data Corporation (IDC).
According to the report, India will focus on investments in AI infrastructure in 2024 and 2025 to prepare for major changes in the future. Banking, finance, insurance and manufacturing have emerged as the top spenders in India. Manufacturing, especially in sectors such as electronics and consumer goods, is expected to contribute significantly to the growth of the Indian economy.
The report further found that India far outperforms the Asia-Pacific average in the government sector due to the current government’s pro-AI stance. “$30.7 million will be allocated in FY 2024-25 to establish three centers of excellence in AI in India focused on agriculture, health and sustainable cities,” it said.
“Great India reflects the huge opportunities that AI brings to our country. With an unparalleled talent pool, frugal innovation, and data at scale, India is poised to lead the global AI revolution. India’s AI journey, underpinned by a proactive approach, is driving transformation, putting India at the forefront of shaping the future of this technology.” Managing Director Santosh Viswanathan said.
“Intel recognizes this special opportunity that positions India as a special region for our business operations. We are proud to be a part of India’s journey towards AI excellence and building a great India. I think so,” Viswanathan added.
