Top 8 Generative AI Startups in India

Date:

Generative AI is expected to contribute up to $4.4 trillion to the global economy annually, according to a report by McKinsey. There are only 259 generative AI startups globally, and India is home to less than 20 pure-play generative AI startups. However, Indian startups will play a significant role in automating half of all work between 2030 and 2060, according to the report. As such, funding is expected to shift from generative applications to infrastructure development in enterprises. Here are India’s top eight generative AI startups:

1. Based in Bengaluru, MachineHack hosts generative AI competitions, offers coding challenges, courses, assessments, and has built an AI co-pilot for developers. The company’s generative AI tools are powered by GPT-4 and proprietary algorithms.

2. Rephrase.AI offers a video and animation creation solution powered by advanced AI technology for visual dubbing. The platform assists clients in producing training videos, customizing sales videos, enabling characters to speak in AR/VR environments, and providing digital assistants with lifelike appearances.

3. Mockey is an online mockup generator that leverages AI/ML technology to effortlessly create professional-looking mock-ups for a range of products at no cost.

4. Blend leverages the power of generative AI to assist e-commerce sellers in generating stunning product photos and marketing materials within a minute. The technology can help achieve a 20% improvement in Return on Ad Spend (ROAS) and higher conversion rates on product pages.

5. Probe.AI serves as an AI Copilot for data analysts, designed to assist them in generating SQL code, identifying relevant tables, optimizing SQL code, and providing additional functionalities to streamline their workflow.

See also  Hugging Face Raises $235M in Funding Round with Tech Giants, Valued at $4.5B

6. Revition offers a centralized support system for customer support that uses advanced AI automation tools to help businesses increase sales and reach. Customers can access support from different companies using a single universal ID/account and application.

7. Fasthr.ai is a talent screening platform powered by GPT-4 that aims to revolutionize talent screening by offering effortless screening, accurate identification of top talent with 96% accuracy, faster position filling, and the ability to generate customized tests within seconds.

8. SVAYO is a generative AI and social startup for beauty salons. The platform offers personalized recommendations and services tailored to individual needs and preferences, with a virtual stylist powered by AI recommending services and stylists based on trends that match the users’ selfie.

Frequently Asked Questions (FAQs) Related to the Above News

What is generative AI?

Generative AI is a technology that uses algorithms and machine learning to create new, original, and unique content.

How much is generative AI expected to contribute to the global economy annually?

According to a report by McKinsey, generative AI is expected to contribute up to $4.4 trillion to the global economy annually.

How many generative AI startups are there globally?

There are only 259 generative AI startups globally.

How many pure-play generative AI startups are there in India?

India is home to less than 20 pure-play generative AI startups.

What role will Indian startups play in the future of work?

According to the report by McKinsey, Indian startups will play a significant role in automating half of all work between 2030 and 2060.

What is expected to happen to funding for generative AI applications?

Funding is expected to shift from generative applications to infrastructure development in enterprises.

What is MachineHack?

MachineHack is a Bengaluru-based generative AI startup that hosts competitions, offers coding challenges and courses, assessments, and has built an AI co-pilot for developers.

What is Rephrase.AI?

Rephrase.AI is a generative AI startup that offers a video and animation creation solution powered by advanced AI technology for visual dubbing.

What is Blend?

Blend is a generative AI startup that leverages the power of generative AI to assist e-commerce sellers in generating stunning product photos and marketing materials within a minute.

What is Probe.AI?

Probe.AI is a generative AI startup that serves as an AI Copilot for data analysts, designed to assist them in generating SQL code, identifying relevant tables, optimizing SQL code, and providing additional functionalities to streamline their workflow.

What is Fasthr.ai?

Fasthr.ai is a generative AI startup that is a talent screening platform powered by GPT-4 that aims to revolutionize talent screening by offering effortless screening, accurate identification of top talent with 96% accuracy, faster position filling, and the ability to generate customized tests within seconds.

What is SVAYO?

SVAYO is a generative AI and social startup for beauty salons that offers personalized recommendations and services tailored to individual needs and preferences, with a virtual stylist powered by AI recommending services and stylists based on trends that match the users' selfie.

What is Mockey?

Mockey is a generative AI startup that is an online mockup generator that leverages AI/ML technology to effortlessly create professional-looking mock-ups for a range of products at no cost.

What is Revition?

Revition is a generative AI startup that offers a centralized support system for customer support that uses advanced AI automation tools to help businesses increase sales and reach. Customers can access support from different companies using a single universal ID/account and application.

Please note that the FAQs provided on this page are based on the news article published. While we strive to provide accurate and up-to-date information, it is always recommended to consult relevant authorities or professionals before making any decisions or taking action based on the FAQs or the news article.

Nisha Verma
Nisha Verma
Nisha is a talented writer and manager at ChatGPT Global News. Her contributions span across various categories, bringing diverse perspectives to our readers. With her natural curiosity and passion for AI-related topics, Nisha offers thought-provoking insights and engaging content.

Share post:

Subscribe

Popular

More like this
Related

Super Micro Computer (SMCI) Stock Forecast: AI Predicts Continued Growth in 2024

Super Micro Computer (SMCI) stock forecast: AI predicts continued growth in 2024, despite recent market challenges.

OpenAI’s ChatGPT Losing Its Mind: Users Share Bizarre Interactions

Users share bizarre interactions with OpenAI's ChatGPT as the chatbot goes haywire, leaving them baffled by its nonsensical responses.

Microsoft Develops In-House Network Cards for Maia AI Chip

Microsoft is developing in-house network cards for Maia AI chip to reduce reliance on Nvidia and boost AI speeds. Exciting industry implications!

AI Chatbot Goes Rogue: OpenAI’s ChatGPT’s Latest Tantrum Raises Concerns

OpenAI's ChatGPT's Latest Tantrum Raises Concerns about the reliability of AI tools. Ensure safety and reliability when deploying AI.