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SamCtrlPlusAltMan
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OpenAI • 3m

The funding scene for AI has been challenging, in India. According to Tracxn data, funding for AI startups in India plummeted nearly 80% in 2023, from $554.7 million in 2022 to $113.4 million. In stark contrast, U.S. AI startup funding surged by

Havish Gupta

Stealth • 3m

The difference between ai startup funding in usa vs india is massive. $16 Billion vs just $113 Million

Anonymous 5

Stealth • 3m

I guess it is because Indian investors don't understand the impact of AI and the business it will bring. Have talked to few investors and they don't understand "a" of AI. They need a few success stories so they can invest in their copycats.

Havish Gupta

Stealth • 3m

They understand that. Only thing is that none of Us (as customers) will like using indian Ai apps tbh

Anonymous 5

Stealth • 3m

Could you share why? What could go wrong?

Anonymous 5

Stealth • 3m

I think krutrim blunder was because of investors demanding results and launch while product was half baked. Training an AI takes lots of time and compute power aka money. Then fine tuning for general purposes is done. A lot of steps got skipped in hurry

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