India’s tech leaders are vying for a share of the $300 billion AI market. Internet giants and startups from the US to China are investing billions in AI, and industry experts believe India can also become a formidable contender. The country has several advantages, including a large pool of IT and engineering talent and a rapidly growing domestic market. The global market for AI software could reach $297 billion by 2027, with demand for AI services in India potentially worth $17 billion that year. However, India will have to navigate the disruptions caused by AI, which could displace jobs from call-center outsourcing to programming. Despite these challenges, experts believe that India’s tech firms can compete with the likes of OpenAI and China’s Baidu Inc.
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