By Blockchain News | Created at 2024-10-24 11:57:33 | Updated at 2024-10-24 14:28:36
2 hours ago
Rebeca Moen Oct 24, 2024 11:54
Over 2,000 startups in India, part of NVIDIA Inception, are transforming industries with AI innovations, scaling globally and enhancing enterprise efficiency.
India is rapidly emerging as a global hub for artificial intelligence (AI) innovation, largely driven by over 2,000 startups participating in NVIDIA's Inception program. These companies are utilizing NVIDIA's advanced computing technology to develop AI solutions that cater to both local and global markets, according to NVIDIA Blog.
Transforming Industries with AI
The NVIDIA Inception program provides Indian startups with essential tools for growth, including technical training, go-to-market support, and connections with venture capitalists. The program's impact is evident as India ranks among the top six global economies leading generative AI adoption. The country's startup ecosystem has dramatically expanded, boasting over 100,000 startups today, compared to less than 500 in 2016.
Conversational AI Enhancing Railway Services
Bengaluru-based CoRover.ai exemplifies the transformative power of AI. The startup's conversational AI platform, which supports over a billion users, is integrated with the Indian Railway Catering and Tourism Corporation (IRCTC). Known as AskDISHA, this AI-driven chatbot handles more than 150,000 queries daily, significantly enhancing customer service efficiency and satisfaction.
Revolutionizing Sports Media
Mumbai's VideoVerse is another standout startup, leveraging AI to revolutionize sports media content creation. Its AI models enable rapid generation of sports highlights, boosting viewer engagement across platforms. By utilizing NVIDIA's CUDA libraries and Tensor Core GPUs, VideoVerse enhances content creation workflows for major sports leagues worldwide.
Boosting Enterprise Efficiency
Fluid AI, also based in Mumbai, offers AI-driven solutions to improve enterprise operations. By deploying generative AI chatbots and leveraging NVIDIA's NeMo platform, Fluid AI enhances customer service and sales processes, providing real-time insights and improving team productivity.
Empowering Marginalized Communities
Karya, a Bengaluru-based platform, is bridging the digital divide by enabling marginalized communities to earn income through language-based AI tasks. The platform's efforts contribute to creating multilingual AI models, supporting non-English speakers, and promoting inclusive technological advancements.
These initiatives underscore the pivotal role of NVIDIA technology in fostering innovation across India's startup landscape, with implications for both local and global markets.
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