As generative AI (aka chatbots) spark a lot of debate among its stakeholders, industry leaders in India believe that while there are some risks associated primarily related to data, privacy and security, generative AI has more opportunities than risks and we are yet to explore its true potential to improve productivity, ingenuity, creativity, efficiency, and communication.
Generative AI refers to algorithms that have the capability to create original content, including text, images, videos...
Indian tech industry leaders fast adopting GenAI, albeit with caution
After the ChatGPT success, apps with the term 'AI Chatbot' or 'AI Chat' in either their app name, subtitle, or description on both Google and Apple app stores have increased a whopping 1,480 per cent (year-over-year) in the first quarter this year.
According to analytics firm Apptopia, just this year (through March), 158 such apps have arrived on the app stores.
Downloads of AI chatbot apps increased 1,506 per cent, and in-app purchase (IAP) revenue surged 4,184 per cent...
Over 150 AI chatbot apps launched in Q1, user spending up 4,000%