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Investments in AI to cross $880 mn by 2023: NASSCOM Report

Published on June 25, 2022
Current Context: Investments in India’s Artificial Intelligence (AI) capabilities are growing at a CAGR of 30.8%and are poised to reach $881 million by 2023.
Investments in AI to cross $880 mn by 2023: NASSCOM Report
  • As per a recent report, Global AI investments have doubled in the last year, but India’s share in global investment remains at 1.5%.
  • AI will aggregate a value-add worth $450-500 billion to India’s GDP by 2025.
  • The study has also found that around 65% of the organizations have defined AI strategy either at a functional, or enterprise level.
  • Chatbots are the most widely-implemented AI applications in the country.
  • Personal Data Protection Bill acts as a major change in policy.
  • It has been suggested that companies should consider data sanitization and removal of personal identifiers for complying with the proposed norms.

Question:

Ques: 1. As per the NASSCOM report investments in AI to cross $880 mn by which of the following year?
A.2024
B.2026
C.2023
D.2030

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