AI ecosystem

The Telangana government on Friday signed a memorandum of understanding with Bengaluru-headquartered AI & Analytics platform 3AI with the objective of positioning Hyderabad and Telangana as a global hub of IT and AI development and innovation. A major focus area of the MoU is also the building of a community of AI and Analytics leaders from various enterprises and tech-service firms and local startups, as well as showcasing initiatives from the ITE&C (Information Technology, Electronics & Communications) and…

Amid what is being called the ‘global funding winter’, if investors are bullish on one area, it's generative artificial intelligence (GenAI). Indian GenAI startups have received a cumulative investment of $700 million in the last three years, showed estimates by technology industry apex body Nasscom.The country now has over 100 genAI startups and the funding received by new genAI ventures such as Hindi LLM maker Sarvam AI, as well as Adobe’s acquisition of Bengaluru-based Rephrase.ai last year are “good validations” of…