Generative AI Tracker: Tech Industry Activity

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Nasscom is releasing first of its kind Generative AI Tracker for Tech Industry. The Analysis is based on announcements made between January 2024 to June 2024 by a subset of leading publicly listed Indian technology companies.

Key Findings

Global Gen AI Startups

3X increase in Generative AI (Gen AI) Startup investment in H12024, from H22023
Significant rise in global BigTech Gen AI startup investments since H12023
Major growth in acquisition activity of Gen AI startups and other companies
$80 Bn+ investments announced by global hyperscalers in data center and cloud capacity, over next 10-15 years

Indian Gen AI Startups

Impressive increase in Indian Gen AI startup investment in H12024, from H22023
Decline in Gen AI startup funding rounds in H12024, vis-à-vis H22023
Funding rounds for Indian Gen AI startups stayed range-bound, below $50 Mn in H12024.

Indian Tech Service Providers

Tremendous growth in activity increase across Gen AI focus areas by the Indian tech industry
~57% of the H12024 activity focused on new product launches, resulting from CY2023 strategic partnerships
Tech Industry has Trained notable number of Employees on Gen AI since H12023, profound rise in H12024

Industry Showcase

The report showcases the highlights of nasscom insight visits of 4 companies, Genpact, LTIMindtree, LTTS and Infosys in H12024

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