Where is India in the generative AI race?

Published on April 21, 2024



India's technology ecosystem is facing an uphill battle to catch up to global leaders in the generative AI race. Despite being home to one of the world's largest startup ecosystems, the South Asian economy has yet to make a material impact in the rapidly advancing AI arena.

No homegrown Indian contenders have emerged to challenge the dominance of large language model titans such as OpenAI's ChatGPT, Google Ventures–backed Anthropic, or Google's Bard.

"While there are over 1500 AI-based startups in India with over $4 billion of funding, India is still losing the AI innovation battle," say analysts at Sanford C. Bernstein.

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