According to US-based consulting firm McKinsey, generative AI has the potential to boost the world economy by $4.4 trillion a year. By 2060, half of the world’s job will be largely automated by startups, according to a McKinsey report. It is anticipated that in the coming months, funding for Indian startups would shift from creative applications to the creation of corporate infrastructure.
As of May 2023, 60 companies from various industries made up the Indian generative AI ecosystem, according to a Nasscom research. This industry has received about $590 million in investments, with 2022 seeing the largest inflow of capital. According to a report released on July 27 by SaaSBoomi and McKinsey, the number of Software-as-a-Service (SaaS) firms in India that rely on generative artificial intelligence (Gen AI) has more than doubled since 2021 and has raised $590 million in funding as of May 2023. It’s a reaction to the growing acceptance of Gen AI technologies like ChatGPT.
To produce “original” art, generative AI employs models that have been trained on enormous datasets that include text, photos, audio, and video. These open applications have various uses in the fields of marketing, advertising, sales, media, gaming, graphic design, product design, legal, coding, architecture, and many more. The top generative AI startups in India are listed below.
Hip-hop, electronic, and classical music are just a few of the genres that users can create with Beatoven.ai’s assistance. The software allows users more control over the outcome by allowing them to alter the pace, key, and other characteristics of their music.
Dubdub.ai
A dubbing platform called Dubdub.ai leverages artificial intelligence to produce video content in a variety of languages. By leveraging AI/ML technology, it lowers costs, expedites the procedure, improves reliability, permits scalability, and makes sharing easier in dubbing. It helps to keep the audio and picture in sync. With over ten quality evaluations, Dubpro’s AI + Human-in-the-loop video dubbing technology assists customers in translating video content into multiple languages.
Listnr
With Listnr’s AI Voice Generator, users may produce realistic Text-to-Speech (TTS) audio, complete with premium AI voices. This technology is adaptable and can be used for a number of things, including IVR systems, podcasts, audiobooks, YouTube videos, video sales letters, eLearning materials, and social networking and sales content. Listnr provides a large range of over 900 voices in 142 different languages, allowing users to create real AI content.
Coding
CodeMate
CodeMate is an AI programming assistant that promises a ten-fold increase in developers’ coding productivity. A helpful add-on for Visual Studio Code is called CodeMate. Make the debugging procedure automatic. The range of issues that this tool can fix includes run-time problems, logical errors, syntax errors, and performance issues. It makes recommendations for modifications after analyzing your code using machine learning techniques and algorithms.
CodeMate can evaluate your code using industry standards and best practices and provide a report on any possible issues. It can provide recommendations for better formatting, naming conventions, coding style, and documentation, among other things.
DhiWise
With the DhiWise development environment, designers may export their creations as code for mobile and web applications. Software development is streamlined by DhiWise, which generates clean, modular, and reusable code automatically. It offers a clever framework for quickly creating mobile and web applications. It’s a simplified procedure that combines digital and human components. It is a tool for easing resource limitations in companies.
Creating images and modeling in three dimensions
Blend ai
Blend is an AI-powered automated advertising platform that helps e-commerce businesses create and enhance their campaigns. With only a few mouse clicks, Blend enables online businesses to create meaningful connections with their customers, manage their advertising campaigns more easily, and distribute their adverts across several platforms.
Neuropixel AI
NeuroPixel AI Labs uses statistical learning theory and powerful AI/ML in computer vision and image processing to create online retail storefront solutions. The system automates the labor-intensive and repetitive operation of clothing categorization while producing lifelike synthetic models using proprietary Deep Neural Network (DNN) techniques. The key factor in a customer’s decision to buy is the catalogue image in the online fashion sector, where NeuroPixel AI is used.
Chatbots
Alltius
Alltius is a platform driven by artificial intelligence that offers conversational support within software programs. Its primary goal is to support and counsel customers during their product experiences. It creates GenAI assistants to help the user’s sales, support, and customer service teams. Its platform offers skills beyond simple question-and-answer sessions, as well as coaching on user data in any format.
Contlo
Contlo is an AI-powered marketing platform. In an effort to increase brand loyalty, it enables businesses to use its AI model to implement personalized campaigns and automated consumer experiences across communication channels like email, SMS, WhatsApp, Webpush, and social media. Artificial intelligence from Contlo can also be used to manage audiences, collect information, and derive performance and business insights.
