Shark Tank judge and Shaadi.com founder Anupam Mittal said that in order to be in the AI race, India doesn’t need to win the model race. In a post on LinkedIn, Anupam Mittal argued that the country’s biggest opportunity lies in building AI-powered enterprise products and services rather than foundational AI models. He pointed to the rapid growth of Indian AI startups and the increasing contribution of AI to IT services as signs that the country remains well placed to benefit from the AI boom. “Our strength in Enterprise AI products & services alone could help take India’s IT industry to ~$1 trillion over the next decade,” Mittal wrote. In the post, Anupam Mittal said statements such as “India has lost the AI race” and “India will dominate AI” may attract attention, but they do not reflect the current reality. “The truth, as a user, reader and investor in AI, is more nuanced,” he said.In his post, Mittal highlighted Superleap AI CRM and Mitigata as examples of Indian startups building AI-powered enterprise products instead of foundational AI models.
Here’s what Anupam Mittal’s post reads
‘India has lost the AI race’‘India will dominate AI’Both make great headlines. Neither is particularly useful.The truth, as a user, reader and investor in AI, is more nuanced. India may not own the foundational models. But as models become abundant, the real battle is shifting elsewhere.Two examples 👇🏼Superleap AI CRM is attacking CRM, a ~$120 billion market, with an AI-native, rip-and-replace alternative to Salesforce. In under 2 years, it is already clocking multi-million $ARR, with sales cycles of just 3 months.Mitigata™ – Full-Stack Cyber Resilience is going after the ~$200 billion cybersecurity market through an AI-led mix of products, services and insurance. In < 3 years, it has 650+ clients & revenues in 100s of cr this year.Even Indian IT cos like Tata Consultancy Services , supposedly AI’s first victims, are now seeing nearly 10% of revenue come from AI-led work. While the shape of services will change, AI will actually become the next growth engine.My take👇🏼India doesn’t need to win the model race to be in the AI race & neither is the world close to any Singularity.Our strength in Enterprise AI products & services alone could help take India’s IT industry to ~$1 trillion over the next decade 🇮🇳
