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DeepNewz, mobile.
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AI spending in India is projected to reach $5.1 billion by 2027, according to a joint report by Intel and IDC. The report forecasts an annual growth rate of 31.5%, making it the highest CAGR among eight surveyed markets. SoftBank plans to invest up to $150 million in India's AI infrastructure, including data centers and industrial robotics, as part of its AI strategy. Additionally, Good Capital has pledged $25 million for AI startups in India by FY25, highlighting the significant investment interest in the country's AI sector.
🚨 Tech 3 Today One quick thing: Vibhu Agarwal, the founder of adult content-focused Ullu is launching a new mythology-based streaming platform Hari Om. In today’s newsletter: AI-phabet: Google goes AI in Why Midcap IT is losing sheen PVR Inox: The new food giant in town?
India’s AI spending to triple – report The South Asian country’s expenditure on artificial intelligence-backed technologies could hit $5 billion by 2027 https://t.co/YHT4XFqRXe https://t.co/UgoIitLYml
🚨 ETtech #Top5 | @heydigit #IPO opens; #quickcommerce boost for #FMCG firms Also in the letter: ■ @Google’s big #AI leap ■ Top deck changes at @OpenAI ■ New-age software engineers in demand https://t.co/jyDVHTAMob