Poging GOUD - Vrij
Indian Market Has a Cost Advantage, Need to Solve India-Specific Issues
Mint Ahmedabad
|March 05, 2025
Speakers at the Mint AI Summit 2025 said India's market can be a test case for AI solutions for the entire world
A panel of top artificial intelligence (AI) leaders in India said making the technology in the most populous country can aid in creating it for the world as such models are relatively easy to scale up.
Manish Gupta, senior director, Google DeepMind, indicated that developing AI models in India would make the models robust, as they would work for a large and diverse population.
"Google started its AI research lab in India about five and a half years ago. So, we consciously picked this theme of 'inclusive AI'...How do we develop AI in a manner that benefits everyone. And we saw huge gaps in capabilities of our own models. For instance, in languages like English versus so many languages spoken in India. I look at all the challenges in India as a source of competitive advantage," said Gupta.
Echoing the sentiment, Geetha Manjunath, chief executive officer (CEO) and founder, Niramai Health Analytix said the Indian "jugaad" method has a considerable cost advantage over developing AI in other jurisdictions.
"We know there are a lot of problems in India, and that is good. Because necessity is the mother of innovation. What you do in a jugaad way to save costs and develop high-quality products with limited resources will definitely be useful to the rest of the world.
Because we want to save costs everywhere, be it the UK's healthcare costs for the NHS, or be it mediclaim-medicare costs in the US, reducing costs is always good. So we can develop for India," said Manjunath.
Jugaad refers to an innovative way of improvising to complete any task.
Dit verhaal komt uit de March 05, 2025-editie van Mint Ahmedabad.
Abonneer u op Magzter GOLD voor toegang tot duizenden zorgvuldig samengestelde premiumverhalen en meer dan 9000 tijdschriften en kranten.
Bent u al abonnee? Aanmelden
MEER VERHALEN VAN Mint Ahmedabad
Mint Ahmedabad
Trump's bets on China and Argentina are souring fast
When it comes to US foreign economic polic policy, President Donald Trump’s administration has two problems on its hands.
3 mins
November 18, 2025
Mint Ahmedabad
Centre mulls cut in PLI auto sops to ₹2,000 cr for FY26
Scheme has faced challenges including localization requirements and delays in disbursal
2 mins
November 18, 2025
Mint Ahmedabad
SGX to list Bitcoin, Ether perpetual futures on 24 Nov
Traders in SGX's perpetual futures won't automatically get liquidated if a sudden market shift upsets their positions.
2 mins
November 18, 2025
Mint Ahmedabad
Do pre-IPO gains get long-term tax status?
I live in Australia and I own shares in a Indian company which got recently listed. I invested about 1.5 years back when it was not listed. When I sell the shares now, will it be considered as shortor long-term gains? —Name withheld on request
1 mins
November 18, 2025
Mint Ahmedabad
OTTs chase regional content with higher spends but viewership trails
Platforms need carefully considers content strategies to ensure they are meeting the needs but viewership trails
1 mins
November 18, 2025
Mint Ahmedabad
India's music stardom has moved from film sets to feeds
A few verses, a guitar, and an Instagram Reel were enough to catapult Anumita Nadesan into the national spotlight.
2 mins
November 18, 2025
Mint Ahmedabad
A. Vellayan, known for visionary bets, passes away at 72
His friends and peers called Arunachalam Vellayan (72), former chairman of Murugappa group who passed away in Chennaion Monday, a man with a high level of business acumen and an ability to see the future.
1 mins
November 18, 2025
Mint Ahmedabad
Sebi has started review of listing, disclosure norms
The Securities and Exchange Board of India (Sebi) has begun work on a review of the Listing Obligations and Disclosure Requirements (LODR), its chairperson Tuhin Kanta Pandey said, setting the stage for what could be one of the regulator's most significant cleanups of corporate disclosure rules in recent years.
1 mins
November 18, 2025
Mint Ahmedabad
INSIDE AP'S NEW MANTRA: 'SPEED OF DOING BUSINESS'
Nara Lokesh is facing off against rival states and historical financial strain. Can he repeat his father's legacy?
9 mins
November 18, 2025
Mint Ahmedabad
Marico’s margin on slippery slope despite healthy demand
The Marico Ltd stock hit a new 52-week high of ₹764.65 on the NSE on Monday after its consolidated revenue surged 31% year-on-year to ₹3,482 crore in the September quarter (Q2FY26), led by broad-based growth across product categories.
1 mins
November 18, 2025
Listen
Translate
Change font size
