Representational image Canva
Spending on Artificial Intelligence (AI) in the country may triple to USD 5 billion by 2027, an "
He said that in 2023, major spending of USD 209 million was driven by AI infrastructure provisioning and related software.
It was followed by augmented customer service agents at USD 168.8 million, digital assistance USD 113.1 million, augmented threat intelligence USD 100.1 million and program advisors recommendation systems USD 97.1 million.
"The infrastructure provisioning will continue to be the biggest contributor in overall spent," Srinivasamurthy said.
Intel India Region Vice President and Managing Director, Santhosh Viswanathan said India is ready for AI as around 20 per cent of the world's data is produced in the country and it is the third biggest global market.
Viswanathan said India leads globally in terms of technical skill availability.