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Generative AI Tracker: Tech Industry Activity

July 15, 2024 22285 2 nasscom insights AI

Generative AI Tracker: Tech Industry Activity

Nasscom is releasing first of its kind Generative AI Tracker for Tech Industry. The Analysis is based on announcements made between January 2024 to June 2024 by a subset of leading publicly listed Indian technology companies. The report covers Global Generative AI startup Investments, Indian Gen AI startup

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Key Highlights

Global Generative AI Startups

  • Notable rise in Generative AI (Gen AI) Startup investment in H12024, from H22023
  • Significant rise in global BigTech Gen AI startup investments since H12023
  • Major growth in acquisition activity of Gen AI startups and other companies
  • Extraordinary boost in investments announced by global hyperscalers in data center and cloud capacity, over next 10-15 years

Indian Gen AI Startups

  • Impressive increase in Indian Gen AI startup investment in H12024, from H22023
  • Decline in Gen AI startup funding rounds in H12024, vis-à-vis H22023
  • Funding rounds for Indian Gen AI startups stayed range-bound, below $50 Mn in H12024.

Indian Tech Service Providers

  • Tremendous growth in activity increase across Gen AI focus areas by the Indian tech industry
  • Remarkable percent of the H12024 activity focused on new product launches, resulting from CY2023 strategic partnerships
  • Tech Industry has Trained notable number of Employees on Gen AI since H12023, profound rise in H12024

Industry Showcase

The report showcases the highlights of nasscom insight visits of 4 companies, Genpact, LTIMindtree, LTTS and Infosys in H12024

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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