25% of AI code in the world is written in India: Haptik CEO
Citing examples of Khan Academy building the AI tutor or three startups building AI tools for farmers to aid in real-time crop detection, the Haptik CEO further highlighted the impact of AI on India and its role in addressing India First problems.
One out of every four artificial intelligence-related code deposits on GitHub globally comes from India, said Aakrit Vaish, Chief Executive Officer (CEO) and Co-Founder, Haptik. The startup works in the enterprise conversational AI platform domain and was founded in August 2013.
"One out of every four AI-related code deposits on GitHub, globally comes from India. That is just amazing—25% of the code that's being written is being written over here. Every sixth researcher in AI in the world is Indian," Vaish told CNBC-TV18 during a panel discussion at the ongoing Mumbai Tech Week.
Citing examples of Khan Academy building the AI tutor or three startups building AI tools for farmers to aid in real-time crop detection, the Haptik CEO further highlighted the impact of AI on India and its role in addressing India First problems.
"This is like citizen-first services, and it is where I think the power of AI will first start being seen in the next few months."
On capital investment trends in startups, the Haptik CEO, while noting that it continues to be fairly aggressive, underlined that many have not learned from mistakes. The mid-stage of investing has "disappeared," as per Vaish.
"A lot of the middle stage companies will either become what we call zombies, who just remain in existence, fighting month on month, or unlike previous cycles when there were forced M&As... And then there's definitely going to be a few types of companies, even in the middle stage, who will break out and then go to the next stage, those are the ones who will clean up their act and move forward."
Microsoft CEO Satya Nadella also envisions the tech giant as India's AI Copilot, steering the nation into the realm of AI advancements. Nadella expressed this commitment during an exclusive interview with CNBC-TV18 on Wednesday, February 7. He pointed out areas such as software development and frontline work in retail and healthcare that are experiencing significant growth due to AI integration.
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