The Indian AI market is poised for exponential growth, with the global AI market expected to balloon to over $4.8 trillion by 2033, according to UNCTAD. In India, the AI market is forecast to reach $28.8 billion by 2025, creating a huge demand for AI professionals. In fact, reports suggest that India needs nearly one million AI professionals by 2026, highlighting the urgent need for upskilling and reskilling.
Against this backdrop, Deep Algorithm has raised ₹10.8 crore to scale its AI-powered growth in India. The company’s technical framework provides a comprehensive guide to AI implementation, covering building AI pipelines, models, and productionisation, while also highlighting cost optimisation techniques. This framework is particularly crucial for GCCs (Global Capability Centres), which often struggle to upskill their talent quickly due to the rapidly transforming industry and technology landscape.
In a recent podcast, Priscilla Chan highlighted the significance of access to powerful GPUs in the recruitment process, an argument echoed by Zuckerberg as Meta scales its GPU fleet to over 1.3 million units by year-end. Industry projections estimate cumulative AI infrastructure spending could top $1.7 trillion by 2035, emphasizing the importance of controlling both compute and human expertise in future technological and economic leadership.
As the AI market in India continues to grow, it is essential to identify untapped potential and opportunities for innovation. According to recent reports, there is significant scope for generative AI tools in India, which can transform daily routines and create new value. By investing in AI-powered growth, Deep Algorithm is poised to make a significant impact in the Indian market, driving innovation and economic growth.
As the Indian AI market continues to evolve, it is crucial for businesses, policymakers, and individuals to stay ahead of the curve, upskilling and reskilling to meet the demands of this rapidly changing landscape. With the right tools, frameworks, and infrastructure in place, India can harness the true potential of AI to drive growth, innovation, and economic prosperity.
Originally published on https://www.varindia.com/news/deep-algorithm-raises-10-8-cr-to-scale-ai-powered-cybersecurity-and-fraud-prevention
