[Thread] Will AI in India be the next Crypto?

I've been curious about whether there are any good Indian startups in the AI field that are not building "tools" like meeting summary or anything of that sort. But more like research based such as OpenAI, Anthropic, Midjourney, etc. They could be early stage or late stage, doesn't matter. Have you guys seen any around you with potential?

Pretty sad imo

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)

Could be large company like Infosys or some startups

Hey everyone, We've got an exciting journey ahead, and we're at a crossroads. Our AI startup is all set to take off, but we're fighting with an important question: should we seek funding for our startup ? Here's the scoop: Our team is hard at work on a game-changing problem-solving service platform. Right now, we've got the skills to create the entire product, but most of us are Python enthusiasts, and we could use some extra hands with diverse talents to take our venture to the next level, which do require funding. The story behind our decision to dive into the startup world is the success of our previous project. It gained some impressive traction, fueling our desire to turn it into a startup. But there's a hurdle on the horizon - funding. And also the investment landscape is in a bit of a winter chill right now. And we don't know much about the process of funding 😕. feel free to drop your advice in the comments below.

Because every Santa-Banta startup has started to pitch AI wrappers to me over the last so many month.

What would happen to all the AI startups that are raising massive rounds at insane valuations once OpenAI improves GPT-4 (some spicy rumours are going around) or comes up with GPT-5? Most of these "AI" startups are just a wrapper around these existing, capable LLMs. Better versions of these LLMs would start generalising more and doing those specific functions done by these startups much better.