Funding for Domestic AI Startups in India Halves Under ChatGPT Shadow as Investors Call for India-Focused Solutions

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Investments in Indian artificial intelligence (AI) start-ups have slowed down this year due to a funding winter, and the introduction of OpenAI’s ChatGPT. According to data from Venture Intelligence, $510m has been invested in 28 deals from January to May, half of last year’s average per five months of $1.02bn, signalling a slow rate of investments this year. Furthermore, funding to start-ups in general has dropped by 80% in this year’s first five months than in the same period last year. However, investors remain bullish, and expect the industry to begin growing again soon.

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Frequently Asked Questions (FAQs) Related to the Above News

Why has funding for domestic AI startups in India decreased?

Funding for domestic AI startups in India has decreased due to the funding winter and the introduction of OpenAI's ChatGPT.

How much has been invested in Indian AI startups from January to May this year?

According to data from Venture Intelligence, $510m has been invested in 28 deals from January to May this year.

What is the average investment per five months for the previous year?

The average investment per five months for the previous year was $1.02bn.

How much has funding to startups in general dropped this year compared to the same period last year?

Funding to startups in general has dropped by 80% in this year's first five months than in the same period last year.

Do investors remain optimistic about the future of the industry?

Yes, investors remain bullish and expect the industry to begin growing again soon.

Please note that the FAQs provided on this page are based on the news article published. While we strive to provide accurate and up-to-date information, it is always recommended to consult relevant authorities or professionals before making any decisions or taking action based on the FAQs or the news article.

Aniket Patel
Aniket Patel
Aniket is a skilled writer at ChatGPT Global News, contributing to the ChatGPT News category. With a passion for exploring the diverse applications of ChatGPT, Aniket brings informative and engaging content to our readers. His articles cover a wide range of topics, showcasing the versatility and impact of ChatGPT in various domains.

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