Artificial intelligence in India

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AI expenditure in India is expected to reach $11.78 billion by 2025 and add $1 trillion to India's economy by 2035, as per a World Economic Forum report. The AI in Healthcare Market is projected to grow from $14.6 Billion in 2023 to $102.7 Billion by 2028.[1]

The following is a list of notable AI companies of India, along with their corporate headquarters location.

Name Headquarters AI Field Founded year
Dunzo Bangalore Delivery 2014
Fractal Analytics New York City, United States Data Analytics 2000 in Mumbai[2]
Glance Bangalore Social media 2019
Haptik Mumbai, India Chatbot, Intelligence Assistant 2013 in Mumbai[3]
Infibeam Avenues Ltd (Phronetic.ai) GIFT City, Gandhinagar, India Fraud detection and Authentication and Risk identification in financial & commerce sector 2010[4]
kFin Technologies Hyderabad Insurance 2017
Niki.ai Bengaluru, India Chatbots 2015
Ola Electric Bangalore LLM 2017
Persistent Systems Pune Data Analytics 1990
Tata Technologies Pune, India AI/ML based Manufacturing R&D[5] 1989
Uniphore Software Systems Palo Alto, United States Conversational automation 2008 in Chennai, India
Yellow.ai San Mateo, United States Messenger 2016 in Bangalore, India
Zoho Corporation Chennai General AI 1996 in Chennai, India

References[edit]

  1. ^ J, Jayapriyanka (27 June 2023). "Artificial intelligence: A promising future with challenges ahead for healthcare in India". BusinessLine. Retrieved 14 December 2023.
  2. ^ Nataraj, Poornima (5 January 2022). "Analytics & AI firm Fractal raises $360 million investment, becomes the second unicorn of 2022". Analytics India Magazine. Retrieved 14 December 2023.
  3. ^ "AI start-up Haptik says company's revenue grew 2.5x, onboarded 5,000 SMBs in 2022". Business Today. 27 December 2022. Retrieved 14 December 2023.
  4. ^ "Infibeam Avenues Ltd's AI-Hub at GIFT City christened as 'Phronetic.ai'". VCCircle.
  5. ^ "Tata Technologies' use of AI/ML reduced power consumption by 18% on shopfloor". Autocar Professional. Retrieved 14 December 2023.