India’s New Breed of Generative AI Startups: Beyond ChatGPT-Like Models

A new wave of startups in India is taking the generative AI market by storm, but they’re not just focusing on creating ChatGPT-like models. Instead, they’re developing sector-specific AI applications that can be monetized early and help avoid competition with AI giants.

The Rise of Sarvam and Adya.ai

Two of India’s newest startups targeting the generative AI market are Sarvam and Adya.ai. Sarvam is seeking to become a full-stack generative AI firm, taking a two-pronged approach to building its business. The startup has raised $41 million in its first funding round from venture capital firms Lightspeed and Peak XV last year.

Generative AI is transforming industries

Sarvam is building vast large language models (LLMs) capable of understanding and processing human languages. These LLMs are then used to build marketable products such as ‘Agents’ that are trained on domain-specific datasets, gaining expertise in fields such as healthcare, financial services, and law.

“Industry-specific applications are easier to monetize and help avoid competition with AI giants,” said a spokesperson for Sarvam.

The Benefits of Sector-Specific AI Applications

By focusing on sector-specific AI applications, startups like Sarvam and Adya.ai can differentiate themselves from larger AI companies. These applications can be monetized early, providing a revenue stream for the startups.

AI is transforming the healthcare industry

Additionally, sector-specific AI applications can help avoid competition with AI giants. By focusing on specific industries, startups can build expertise and establish themselves as leaders in those areas.

The Future of Generative AI in India

The generative AI market in India is expected to grow significantly in the coming years. With the rise of startups like Sarvam and Adya.ai, the country is poised to become a hub for AI innovation.

India is becoming a hub for AI innovation

As the market continues to evolve, it will be interesting to see how these startups and others like them shape the future of generative AI in India.

Conclusion

India’s new breed of generative AI startups is taking a fresh approach to the market. By focusing on sector-specific AI applications, these startups can differentiate themselves from larger AI companies and establish themselves as leaders in their respective industries. As the market continues to grow, it will be exciting to see the impact these startups have on the future of generative AI in India.