- Published on July 8, 2024
- In AI Features
What Can Indian AI Startups Borrow from South Korea’s Playbook?
A major concern in India is the lack of understanding of the customer market.
Image by Nikhil Kumar
- By Vidyashree Srinivas
In the realm of AI startups, India and South Korea showcase contrasting landscapes. With Asian countries emerging as a strong hub for AI, South Korean AI startups are observing a wave of funding, propelling the industry to new heights.
Rebellions, a South Korean fabless AI chip startup, captured significant attention by raising $124 million in a Series B round, bringing their total funding to an impressive $210 million.
A few reports suggest that South Korea is fast emerging as a powerhouse with 1,101 AI startups so far in 2024, which include KRAFTON AI, Mathpresso, Zig Zag, Lunit, and Channel Talk.
Along similar lines, AIM Research suggests that as of 2024, India was home to over 100 GenAI startups. While on the whole, there are around 750+ AI startups in the country.
Source:
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Vidyashree Srinivas
Vidyashree is enthusiastic about investigative journalism. Now trying to explore how AI solves for all.
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