The ecosystem of Bangalore startups is witnessing a significant change towards the adoption of artificial intelligence (AI), the main entrepreneurs pleading for its integration to improve productivity. CRED founder Kunal Shah stressed this trend, highlighting the urgency for startups to adopt AI.
In a tweet, Shah observed that, although many Bangalore startups take advantage of AI to increase productivity, only about 20% have fully integrated AI into their operations. He noted that the remaining 80% seem hesitant, awaiting a final signal to adopt technology. Addressing this inertia, Shah said: “It’s your sign.”
Shah’s advocacy for AI is not new. “Each expert must become a native of AI to remain relevant, whatever their field. Those who stay in denial will be left behind,” he tweeted last week.
Shah has constantly underlined the AI transformer potential. In a recent discussion, he compared the impact of AI to that of the steam and the Internet, declaring that AI inaugurates a new era of innovation. He also shared his personal experience, stating that tools as Chatgpt made him “10x more efficient to share ideas with the team”.
Bangalore, often nicknamed the Silicon Valley of India, was at the forefront of AI innovation. The city hosts many AI startups, including leading names like Orai, which has obtained $ 101 million in funding, and entropik, with $ 35 million. These companies postpone the limits of AI applications in various sectors.
The city startup ecosystem reflects this momentum. The reports indicate that in 2023, the AI startups in Bangalore raised around $ 3 billion, a substantial increase compared to $ 1.5 billion in 2022. The number of funds also increased, with more than 150 agreements reported in the first half of 2023.
Despite this progress, a large part of the startups remains on the sidelines concerning the adoption of the AI. Shah’s recent remarks serve as a call to Clarion, urging these companies to recognize the potential of AI and integrate it into their operations. He previously warned that the negligence of AI could make many obsolete jobs over the next decade, stressing the need for proactive adaptation.
While the global industries are increasingly pivoting AI, Bangalore startups are faced with a pivotal choice: adopt technology to stimulate innovation and efficiency or the risk of being left.
