India, Feb. 23 -- Power of technology companies is moving from software to AI models trained using proprietary data, a top official of India's first unicorn InMobi, said. The comment from the firm comes at a time when the Indian government is backing open source models for the development of sovereign AI models, and there is debate around the future of the country's IT firms.

"The future of technology companies is that the power is not as much in software anymore as it used to be. The power is moving into the proprietary models that you are basically training using proprietary data. So, even all the frontier models are commoditised. The value is in the models that have proprietary data," Tewari said. He said India will have to create the...