Dude is desperate to invest in AI Indian startups.  A nice read though

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Dude is desperate to invest in AI Indian startups.

A nice read though

Kunal having AI fomo

Senior Consultant

Kunal having AI fomo- Grapevine

Dude wants to desperately invest in AI Indian startups...

A nice read for ai enthusiasts

Why India lags behind in AI

We’ll be able to move mountains once we stop obsessing with IITians. They work their asses off to get into IITs to get high paying jobs, it’s as simple as that. Train tier-2,3 college students who have nothing to lose. You’ll achieve 100x more optimal results with 100x less investment.

Product Designer

Product Owner

Hi all,
I graduated from IIT Delhi and have been working at well established startup since. 
So for a while I have been wondering why we don't have any deep tech startups doing innovation. Don't get me wrong, there are startups doing innovations but not the kind of innovation which we would call industry shattering or taking the level up a notch. Most of these innovations are just integrating what others are doing in an aggregated platform. I again wondered this today when I saw cognition launching Devin the AI software engineer. They have a pretty small yet highly talented team. 
We in India too have highly intelligent folks educating themselves in CS, why don't we have this mindset (even I don't have this mindset). 
Is it about the difference in culture or a sense of security that folks in the US have that helps them be free from an economic point of view and try innovative things ?

Why don't we have deep tech ?

Software Engineer

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Stupid Ways to make money 💰 that shocked you

🤑

Scam innocent beginners after becoming their beloved bhaiya/didi

Software Developer

ParagA raises $30Mn for new AI startup

Corporate Strategist

The US is in its late stage capitalist phase, a ship that's going to sink for the next 50 years. If you're a young person there it doesn't make sense to work as hard as your Grandpa the reward on average isn't as great. 

India on the other hand is poised to become a great multi-trillion $ economy.

Onto something huge. We're talking like 10x growth of the economy here.

Start-ups that have made it like Razorpay, Swiggy, PayTM, even Cred, if they survive will be really huge as capital in the country, liquidity and lifestyles go up over the next 50 years. 

Be the capitalist, take the risks, make bets, work and stack up promotions and money.

Don't join an Infosys and work 70 hours there, do it for a start up of any scale you believe is going to make it. Or better yet start your own.

Work hard and build in India 🇮🇳

I'm tired of this bullcrap. India will not keep growing if the US goes under. And all that growth shit is exaggerated. Divide those numbers by our population and it doesn't amount to shit. 
 All your fancy startups don't even combine up in value to even a single big tech company. 
 Yes we are growing but the inflation is also going up. On the whole I barely see any improvement.

Founder

Product Manager

Most AI startups

Here's a summary from Perplexity of the key points from the best video on AI that I have seen recently:

Excessive Spending: Major tech companies like Meta, Google, and Amazon have significantly increased their capital expenditure (capex) to build AI infrastructure and stay competitive in the rapidly evolving AI landscape.
Low Returns: Despite the enormous investments, the returns on these AI investments are not yet matching the level of spending, creating a potentially unsustainable situation.

Microsoft's Investments: The video specifically mentions Microsoft's substantial investments in AI, including a $13 billion investment in OpenAI.

Contrasting Partnerships: An interesting point raised is that while Microsoft invested heavily in OpenAI, Apple reportedly secured a partnership with the same company for free just 18 months later, suggesting potential inefficiencies in how companies are approaching AI partnerships and investments.

Industry-wide Concern: The video suggests that this pattern of high spending and low returns is not limited to a few companies but is a broader trend in the AI industry.

Future Implications: The "time bomb" metaphor implies that if this trend continues, it could lead to significant financial challenges for companies heavily invested in AI development.

There’s a time bomb ticking in the AI space: spending is too high, and returns are too low. Megacaps like Meta, Google and Amazon have seen capex spending su...

AI's trillion dollar time bomb

AI is a Trillion Dollar time bomb [CNBC]

Finally an Indian AI startup

Seeing this for a few weeks now. Noticed it when PG tweeted about how there are 100 ai startups in the batch and all are legit. That is none of then it’s phony or opportunistic. He also talked about how domain experts are building in AI and great founders. 

Then saw Garry Tan promoting the batch and retweeting others doing it. A couple of other partners talked about the companies they are excited about too. 

To me, this signals that yc isn’t getting the kind of interest they used to get and they have to promote the quality of the batch to be able to generate enough interest. For the first time in 10-15 years maybe. If they have to do it to ensure the companies are getting enough funding interest, what about startups without a brand name behind them. 

We will see more of these as we get close to the demo day. Most startups are just ai wrappers or agents. Not sure about the exact differentiation between them. Not clear from the descriptions or websites.

Shower Thought: the market is so bad, even yc partners have to promote their startups

99% of AI companies

Cred is truly a topic of surprise for me. Yes, I understand it has created a community of top spenders/credit worthy people in India. I also understand that they can use the information on such people for creating value for themselves.

Being a cred user, I only use it to pay the bills. I really wonder if they have built any b2b business or alternative source of income beyond what's seen to the end user. What's the game plan for the cred? 

I also applaud the fact that cred hasn't laid off people having paid them better than most companies. I really wonder if the business is really that strong or the conviction is. Would you join cred if given a chance to work there?

Cred

I feel cred is doomed and just trying to increase its value. 
 And the end goal is to sell the cred to someone with higher value and make money.

Welcome to Software Engineers's Private Community

Software Engineer -  Cognition ($21M+)
Software Engineer -  Magic ($145M+)
Product Manager - Version Lens ($1.6M)
Data Scientist - TextQL ($4.1M)
Data Analyst - Fluent ($7.5M)
Chief of Staff - Mindy ($6M)
Universal Employee - Ema ($25M)
Financial Analyst - Finpilot ($4.5M)
Financial Analyst - Rogo ($7.5M)
Compliance - Norm Ai ($11.1M)
Receptionist - Arini ($0.5M)
Loan Officer - Casca ($3.9M)
Hotel Concierge - Runnr ($1.2M)
Designer - SevnAI ($0.5M)
Customer Support - Sierra ($110M)
Customer Support - Rasa ($70M)

List of  AI startups who raised funds in just 2024 focused on automating a particular white collar job

•⁠  ⁠One thing is clear - AI is going to take away jobs, and not just engineers.
•⁠  ⁠So many "AI & SaaS" startups are just plain OpenAI wrappers. Their teams know what can be done "faster, better,smoother" but don't know how. One company even credited them in their poster. Well, honest at least 💁‍♀️
•⁠  ⁠They let in too many nibbi/nibbas and there were queues everywhere
•⁠  ⁠People selling skin brightening creams in 2024 is still very weird to me
•⁠  There's an electric cycle startup called Booty (i'm not making this up 💁‍♀️)
•  In all, the management was very good. Food was expensive though 😢 
•⁠  ⁠Best is the picture below, how Biryani tends to find me. This time the dogs are having fun too!

Startup Mahakumbh, Delhi : Experience Review

Consultant

AI = An Indian (in backend)

Software Project Manager

I will get the ball rolling: heard that Kunal Shah invests as less as INR 50K in return for good % of equity, by saying that using his name in media will give the startup enough value in itself (can't deny tbh).

What have you heard/seen around the circuit?

Secrets of Indian Angels/VCs

willl try my best to be honest, ask me anything

AMA - I work at a VC fund

Analyst

I mean how does this guy do it? He literally has half baked products that are just a copy of products innovated outside India. 
All the horseshit talk these founders do about innovation.

Krutrim AI to raise 50M $ at 1B $ valuation

Welcome to News Discussion's Private Community

- Nandan Nilekani, co-founder of Infosys, stresses the importance of AI investment to avoid business obsolescence.
- He highlights the role of language AI in bridging communication gaps in linguistically diverse India.
- Nilekani mentions the commoditization of large language models and their potential to lower AI costs.
- He introduces the Unified Energy Interface for buying and selling electricity, based on the Beckn Protocol.
- Nilekani's focus is on using AI for societal benefits rather than just commercial gains. 

 Source: [Moneycontrol](https://www.moneycontrol.com/technology/cost-of-not-investing-in-ai-higher-than-investing-in-it-says-nandan-nilekani-article-12822381.html)

Kunal having AI fomo

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