In February, Microsoft invested $16 million in Mistral AI and partnered with them to make its artificial intelligence models available through its Azure platform. It has also invested in ChatGPT owner OpenAI.
Apple plans to disclose more about its plans to put generative artificial intelligence to use later this year, Chief Executive Officer Tim Cook said during the company s annual shareholder meeting on Wednesday. Cook said that the iPhone maker sees incredible breakthrough potential for generative AI, which is why we re currently investing significantly in this area. We believe that will unlock transformative opportunities for users when it comes to productivity, problem solving and more.
India Business News: India has the potential to become a leader in the $300 billion AI market. With a large pool of IT and engineering talent and a fast-growing domestic market, India can compete with global giants in the AI space. Find out how India can make its mark in the transformative technology.
India s AI market is projected to reach $17 billion by 2027 with a CAGR of 25-35%. The demand for AI talent in India is expected to grow at a CAGR of 15%. India has the 2nd highest installed AI talent base with 420,000 employees. Companies have well-defined frameworks for financing use cases and dedicated executives leading AI initiatives.