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GenAI startups defy funding winter, raise record $10 bn in 2023

by AIP Online Bureau | Dec 11, 2023 | Data, Technology

New Delhi: Generative AI (GenAI) startups raised $10 billion in venture capital globally in 2023, a huge 110 per cent rise compared to 2021, a new report showed on Monday. Startup funding has been subdued in 2023 with $224 billion in total venture capital funding (as...
Indian tech industry leaders fast adopting GenAI, albeit with caution

Indian tech industry leaders fast adopting GenAI, albeit with caution

by AIP Online Bureau | Aug 13, 2023 | Eco/Invest/Demography, Features, Risk Management, Technology

Relying heavily on generative AI without the necessary checks and balances from a human expert to validate the results can lead to potentially unsafe and/or unethical or biased applications, Prabhakar Srinivasan, Director of Technology, AI/ML/Data Science at Synechron...
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