India, Jan. 1 -- Avance Technologies Limited, a BSE-listed technology solutions provider, has entered into a non-binding term sheet to acquire up to a 100% equity stake in Pushpak AI, a Hyderabad-based computer vision and edge AI platform. The development comes at a time when the global artificial intelligence market is witnessing rapid expansion and is projected to reach USD 2.4 trillion by 2032.
The proposed acquisition would mark Avance Technologies' entry into the fast-growing visual intelligence and edge AI ecosystem, which is seeing rising adoption across sectors such as manufacturing, infrastructure, smart cities, retail, logistics, and industrial automation.
Computer vision and edge-based AI analytics are increasingly becoming key...