Volatile market, policy issues cause a drop in India's AI startup funding

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Volatile market, policy issues cause a drop in India's AI startup funding - Business Standard

Quick Summary:

It further included equity funding for AI infrastructure and AI-as-a-service technology startups.

For the first time, AI startups emerged as the largest segment during that quarter, according to Crunchbase.

In India, investors are pulling back after initial excitement around AI technology, due to the absence of clear, profitable use cases amidst a fragmented investment landscape with numerous AI startups, the business-daily cited industry experts as saying.