Internationally, the US is the leader in AI technology. China was in second place. China’s recently launched DeepSeek has left American AI companies behind. China is rapidly advancing to take the lead in the AI sector.
In this context, Zerodha founder Nitin Kamat has explained the reason why India is lagging behind China in the development of AI technology. Here is a news collection about it.
AI basic technology has become necessary to increase a country’s productivity, strengthen national security, and solve social challenges.
AI has become a part of everyday life. Therefore, all countries are investing a lot of money in AI research.
In AI technology, the competition is between China and the US. In this, China’s DEEP SEEK has made America look good last week.
Within seven days of its launch, DEEP SAKE set a record for the most downloaded AI on the Apple App Store. It left OpenAI, ChatGPT, Gemini, and META behind. What is surprising is that China has developed DEEP SEEK at a cost of just 6 million US dollars.
Technology experts say that DEEP SEEK has sounded a warning bell not only for the US but also for other countries.
In this cycle, Zerodha founder and CEO Nitin Kamat has said what obstacles India faces in the field of AI technology.
He has also posted on his X page that although India has talented and excellent technologists, if there is a suitable research environment for them and the necessary funding, Indian technologists can also achieve achievements.
Countries are investing a lot of money in AI research. The International Data Corporation has said that India will spend 6 billion US dollars on AI research in the next two years. Moreover, the company has predicted that global spending on AI research will reach 512 billion in the same year. India is at 14th place in the AI research list. It is worth noting that this is just 1.4 percent of the global AI research share.
The US and China are the top two in AI research funding, with 30.4 per cent and 22.8 per cent respectively.
The study also indicated that India needs to increase its AI research funding by 50 per cent to compete with China and the US in AI technology.
India is several times ahead of Asian countries like Hong Kong, Singapore and South Korea in the AI sector. In particular, India’s AI industry is expected to grow to USD 17 billion by 2027.
Low spending on research and development is a barrier to AI growth.
The Economic Survey states that India’s investment in research and development is 0.64 per cent of GDP.
This is much lower than China’s 2.41 per cent, the US’s 3.47 per cent and Israel’s 5.71 per cent.
There are already over 6,000 startups in India. Nitin Kamat, founder of Zerodha, said that low funding reduces the ability of startups to invest in cutting-edge technology, which reduces innovation in research and development.
The central government has allocated Rs 10,372 crore over five years to develop AI infrastructure and startups. In addition, the central government has allocated Rs 5,000 crore to provide 10,000 GPUs.
The government’s funding for AI startups is said to soon overtake China in the AI sector.
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