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AI As Augmented Intelligence Has A Powerful Proposition As It Augments Human Intelligence, States Indian Angel Network’s Co-Founder Padmaja Ruparel

OutlookIndia · 9m

Padmaja Ruparel, co-founder of the Indian Angel Network (IAN), believes that instead of job losses, AI and generative AI (gen AI) will lead to skill upgrade and productivity enhancement. Startups are expected to drive technological adoption, and Ruparel predicts that these startups will not only focus on niche-gen AI applications but also expand across sectors like healthcare and manufacturing. She also sees large IT and ITeS companies acquiring startups in order to scale up their business faster. However, she acknowledges that the investment community in India is not yet fully mature when it comes to backing gen AI startups. Ruparel looks for investment propositions that can deliver a different level of wisdom and profitability using AI and Gen AI technology.