IS INDIA A LAGGARD IN THE AI RACE?

DailyPost 363

IS INDIA A LAGGARD IN THE AI RACE?

 In the race of technology, funding, talent, urge to research & innovate is the winner.  The capability to commercialise is the final goal. India has been a loser in various waves of technology, hitting mankind. Whether it is the  Block Chain Technology  or the flavour of the day,  Artificial Intelligence,  will India be a  master player  in the cut throat competition?

Whatever may be the spat between Mark Zuckerberg & Elon Musk, AI is the  biggest talking point in technology . Billions of dollars are being invested in  AI research / products by VCs with US & China  being the main players. The stark reality is that the  Indian start ups  have collectively raised  just around $100 million dollars  in the last three years. This is smaller than  Andrew Ng’s recently launched $150 million VC fund.  Another appropriate analogy would be the  Grammarly, a valley based spell check tool raised more dollars that whole of Indian start ups combined  in this sector for the last three & a half years.

Recent PWC report on AI pegs an  additional $15.7 trillion dollars to the world GDP by 2030.  Which countries will max this pie. India does not seem to be in the race at all. Most of the gains of this huge potential market will land up in the American & Chinese laps.  Mind boggling 70% between the two, to be precise as per present trends.  Risk of becoming a laggard in this race would entail  huge potential implications, economic & technological.  There can be even far reaching  existential risks.

The problem for an AI start up is with  talent  & also in finding the elusive  product – market fit.  Its an sticky issue for Indian start up because of  lack of access to large data sets.  Ironical it may sound in a country of 1.3 billion people.  To train the machine, data sets are critical.  How will jigsaw puzzle get solved,  tech followers are watching from the rings.  We have no lessons learnt from earlier missed opportunities. An  AI research & development plan  is the need of hour. The gap has already grown huge.  Biting the challenge is the only answer.

 AI RACE WINNERS WILL BECOME THE GLOBAL TECH LEADERS.

    Sanjay Sahay

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top