Gen AI funding in India rises to $400 million in 2024

Funding in generative AI rose to around $400 million last year, from $250 million in 2023, as more AI-enabled applications and platforms found product-market fit within enterprise work flows, a report by Bain & Company and Indian Venture Capital Association said.

Generative AI is a type of artificial intelligence that uses generative models to create new content such as audio, code, images and text.