Boom in AI fuels a flurry of startups in India
New Delhi, May 30 -- There's a scramble to register artificial intelligence (AI) companies, as India's public and private sectors embrace the technology that's transforming industries worldwide.
Company registration data shows 100-200 new AI-centric businesses take birth every month as tech entrepreneurs venture into health, agriculture, cloud and robotics, powering India's robust service sector.
In April alone, 226 AI-focused businesses were incorporated, a jump from 86 a year earlier, data from the ministry of corporate affairs showed. That again was a big jump from a small base in the year before. Most new ventures in April were companies, while more than two dozen were limited liability partnerships (LLPs).
In the first three months of ...
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