GenAI start-up landscape witness broad-based growth, crosses 240 in H1 2024

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GenAI start-up landscape witness broad-based growth, crosses 240 in H1 2024 - Business Standard

Quick Summary:

Indian GenAI startups are also demonstrating quick adaptability in their technology choices and market focus.

The report is based on insights from over 110 startup interviews and research on more than 240 active GenAI startups.

While the GenAI startup landscape is growing, it faces significant challenges, including a lack of patient capital, limited compute capacity that affects scalability beyond proofs of concept (PoCs), and customer hesitation, according to Nasscom.