Are any firms in India close to keeping pace?
Not really. India does not have any large technology company focused on building foundational models. For the most part, India’s IT ministry and tech companies alike have said that chasing cost-intensive AI models may not be India’s approach, and most firms may look at building public-sector AI utilities and services to scale AI deployment. The most-funded startup, Sarvam, is reportedly eyeing a $1.6-billion valuation funding round soon, Bloomberg reported in April. India also does not have AI hardware companies, though Sarvam, on 25 May, partnered with Finland’s HMD Global to equip its ‘Indus’ AI bot in a smartphone.
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