India scrambles to secure its place in US-China AI race, post-DeepSeek
India, a global IT outsourcing hub, faces an urgent need to pivot towards artificial intelligence to maintain its competitive edge. With the rise of cost-effective, open-source AI models from companies like China's DeepSeek and a projected slowdown in the software services market, India risks falling behind the United States and China if it doesn't adapt its technological ecosystem.
The International Monetary Fund warns that AI could impact nearly 40% of jobs worldwide, while the AI market is projected to grow at an astounding 37.3% annually. Recognizing this, the Indian government launched the US$1.25 billion "IndiaAI Mission" to support start-ups and infrastructure development, with plans to establish AI education centers and develop a foundational AI model tailored to India's unique needs.
via SCMP Full Text Feed
India, a global IT outsourcing hub, faces an urgent need to pivot towards artificial intelligence to maintain its competitive edge. With the rise of cost-effective, open-source AI models from companies like China's DeepSeek and a projected slowdown in the software services market, India risks falling behind the United States and China if it doesn't adapt its technological ecosystem.
The International Monetary Fund warns that AI could impact nearly 40% of jobs worldwide, while the AI market is projected to grow at an astounding 37.3% annually. Recognizing this, the Indian government launched the US$1.25 billion "IndiaAI Mission" to support start-ups and infrastructure development, with plans to establish AI education centers and develop a foundational AI model tailored to India's unique needs.
via SCMP Full Text Feed
