https://youtu.be/lUp5xKvGzDw?si=GVh3pdYnu2uwpVDS
Not sure of the authencity of the video. But look at the scale of use of tech.
It all comes down to ROI. At the end of the day AI solutions competes with a human. I work on an edge AI based solution for e-commerce shipping which costs 130-200 usd per month exc hardware costs. In USA, the ROI calculation is 200-500 scans a month. In India it's a minimum of 500-750 a day across three shifts. Unless the AI solution does something which was not possible before or can provide 12-3x higher accuracy than a human being whilst being 10x faster the adoption woll not happen in India. Another intresting thing I have noticed is most Indian firms which are mid market or enterprise grade tend to build their own erp/wms instead of procuring from sap, oracle, manhattan which is the pattern worldwide. This mentality that i'll build rather than buy as it's cheaper will not work in AI. Most of the time the firm builds an okay solution which can solve maybe 70% of their problems but not good enough to solve the problem across all players in the industry. Tl;dr as long as the cost of labour esp. blue collar is very low and plentiful, robotics automation will not occur
Look at Chinese government investments in robotics and AI research. Indian government is investing next to nothing on research, and most of the new professors in IITs who had their phd degrees from likes of UC Berkeley or UT Austin are frustrated with a lack of funds to set up research. Unless India suddenly start investing a lot, we will never see truly "deep tech" startups like ByteDance or SenseTime from India
Disagree. I come from Govt college. My prof said we got a 150cr grant for setting up robotics lab. All they did was import kuka robots and he mentioned very less people utilising these infra in India to develop solutions.
That's only anecdotal evidence.
For every lab that received 150 Cr, you have 100s which received nothing. Look up India's R&D expenditures as a percentage of gdp , it's 0.77 and decreasing, while for China it's 2.43 and Increasing. This is from world Bank: https://data.worldbank.org/indicator/GB.XPD.RSDV.GD.ZS?locations=IN-CN.
This is reflected in our publications
"When corruption becomes the norm, integrity can seem like a crime" damn sound similar to India
..unless either of the two mess up insanely bad
We'll probably get to the #3 spot if things go well. But it seems impossible that we'll ever go beyond that.
Internal reasons that are very hard to fix:-
(1) Our population TFR fel...
Let's do our part, instead FOMO, have an abundance mindset,keep building and shipping.
VC funding based on revenue multiples and profit (😂😂😂) multiples is soon going to be obsolete.
Common sense says company's valuation should be summation of yearly profits it can generate till the company exists...
So if relian...
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 (cap...
Did you got this summary as well through AI? 😉
