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Generative AI Tracker: Tech Industry Activity in Q2FY2025

November 22, 2024 45 0 nasscom insights

Generative AI Tracker: Tech Industry Activity in Q2FY2025

Nasscom is releasing the latest edition of its Generative AI Tracker: Tech Industry Activity offering a comprehensive analysis of key developments from July to September 2024. This quarter’s insights focus is on announcements from a curated selection of publicly listed Indian technology leaders, spotlighting the GenerativeAI platform offerings by select tech service providers. Also, the report delves into Global Generative AI (GenAI) activity including startup funding, deal trends, GenAI impact and emerging trends.

Key Highlights

Global Generative AI Activity

 

  • ~2.3X drop in global GenAI startup funding in Q2FY2025 from Q1FY2025 with record rise in funding rounds.
  • New unicorns emerged in Q2FY2025 accounting for ~20% of the total funding in the quarter
  • Big-ticket deals above $150 Mn grew by 1.8X q-o-q in Q2FY2025
  • A significant amount of investment announced by hyperscalers in data center capacity enhancements mainly in emerging markets.

 

Indian Gen AI Startups

  • Remarkable increase in Indian Gen AI startup investment in Q2FY2025 from Q1FY2025
  • Funding rounds continue to rise in Q2FY2025,after two consecutively subdued quarters

Indian Tech Industry Activity

  • Tepid overall activity in the tech industry after a strong Q1, but with rise in partnerships and revenue pipeline reporting.
  • AI skilling and talent development moves up the curve to more advanced AI upskilling, from base GenAI literacy.

GenAI Platforms by Indian Tech Providers

  • Defining GenAI platforms, offerings and benefits with key features of current GenAI platforms
  • Illustrative list of GenAI platforms launched since 2023 and select showcase of GenAI platforms by major tech service providers

 

For a detailed read, download this free report.

Community by nasscom Insights is focused on building the largest online community catering to the Indian technology sector. The purpose of the community is to bring the latest trends and discussions onto a single platform. Our passion for tech drives the free-flowing exchange of ideas and visions from industry leaders and game-changers across India.



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