The AI Startup Wave Is Hitting India And Investors Are Taking Notice

Today's artificial intelligence-based applications are changing people's lives in ways that often go unnoticed. A new study by Accenture, however, reports that AI could dramatically boost economic growth and productivity by up to 40% in 2035, prompting many to sit up and take notice of the burgeoning industry. Already advances in AI-powered technologies like robots, virtual assistants and augmented reality have stimulated fervent interest from companies such as Google, IBM, Apple, Facebook and Microsoft. And while it's hard to pinpoint the exact path that it will take, with global tech giants making huge strides in this sector, AI startups are arguably the most sought-after in today's global economy. The trend is catching on in India as well.