There are multiple companies worldwide leading the forefront of AI, with inovative strides in GPTs, Multi Agent models, GANs etc. However, most Indian AI startups are not working on the cutting edge. Rather, most of them are building wrappers around GPT-4 for a consumer experience.
With the lack of any meaningful innovation within this space, is it unreasonable for Indian founders to raise on similar multiples as our counterparts in the west?
Because honestly? I can see a lot of "crypto-nerd" founders shilling the new oil called "AI" after their previous NFT/crypto/ICO-crap didn't float.
Biggest beneficiaries of AI will be incumbent which have embraced AI like Microsoft, google, Tesla & Nvidia along with very very few startups like OpenAI, Anthropic, huggingface.
@AGIcoming I must say that I completely agree with this. The barrier to entries are too high and any advantage stems from having insane first movers advantage so that everyone has to catch up to you.
Most of this gpt wrapper will go bankrupt . once openAi start charges extra money for their api.
I've been curious about whether there are any good Indian startups in the AI field that are not building "tools" like meeting summary or anything of that sort. But more like research based such as OpenAI, Anthropic, Midjourney, etc. They...
Software Engineer - Cognition ($21M+) Software Engineer - Magic ($145M+) Product Manager - Version Lens ($1.6M) Data Scientist - TextQL ($4.1M) Data Analyst - Fluent ($7.5M) Chief of Staff - Mindy ($6M) Universal Employee - Ema ($25M) ...
Could be large company like Infosys or some startups
Been long since I wrote here. A casual post to discuss anything startup/VC related. Which startups are doing good, which ones not too good. Especially if you're a founder - how is the market feeling?
My pov: despite the excess capi...