New Delhi, Feb. 24 -- India faces significant challenges in developing large-scale artificial intelligence (AI) models and remains heavily dependent on foreign technology, according to a report by Motilal Oswal.

The report highlighted key hurdles such as a shortage of high-end AI hardware, limited access to advanced GPUs and cloud computing, and insufficient funding for research and development. These factors hinder India's ability to create cutting-edge AI systems that can compete globally.

It said "India faces challenges such as a lack of homegrown large-scale AI models, dependence on foreign technology, and limited AI hardware infrastructure".

One of the major barriers to AI development in India is the high cost associated with buil...