The size of the AI ​​market will reach $6,360 million by 2025

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- In 2024, AI hype will continue unabated, driven by public excitement and anticipation

- The Artificial Intelligence (AI) landscape globally and in India is on the verge of significant evolution. Broadly speaking, we are entering an era where the potential of AI will not only be recognized but also harnessed in a practical, measurable way, with a focus on the synergy between global trends and India's specific development path in the AI ​​domain. will be done.

In 2024, AI hype will continue unabated, driven by public excitement and anticipation. However, this buzz will likely see a transition to more concrete, scalable implementations of AI technology. This shift from hype to practical applications is especially crucial for countries like India, where IT spending is projected to increase in the coming years. It is a reflection of a strategic, value-based approach to IT investments, signaling the widespread adoption of AI in a variety of sectors. The focus will be on AI technologies that not only innovate, but also demonstrate tangible benefits and scalability, fully aligned with the evolving needs of the Indian market. Expect a gradual shift toward concrete, measurable implementations of AI as enthusiasm dies down, leaving only a select few classic examples.

The proliferation of open source large language models represents a significant evolution in AI. These models are fundamental to building scalable, efficient AI solutions. The democratization of advanced language models will lead to a radical redefinition of AI development, spurring innovation in various fields. India's strong IT infrastructure is well positioned to capitalize on this trend. The size of the country's AI market is projected to expand significantly, reaching an estimated $6,358.8 million by 2025, according to an industry report. This growth is a testament to India's growing influence in the global AI landscape and its commitment to embrace cutting-edge AI technologies.

As AI technologies become more mainstream, the need for comprehensive regulations is becoming increasingly apparent. In 2024, one can expect robust discussions and initiatives aimed at creating a legal and regulatory framework for AI. With AI poised to make a significant contribution to GDP, potentially adding up to $500 billion by 2025, according to a report, establishing strong AI regulations will be critical to harnessing AI's potential in a responsible and sustainable manner. This responsibility will also help shape the future landscape of AI.

The AI ​​job market is undergoing significant change. While some roles may become obsolete, new opportunities are emerging, especially in fields that require advanced AI and data analytics skills. For India, this shift is particularly relevant. With an estimated 1.2 million AI-related jobs expected to remain unclaimed by 2024, the need for skill development and continuous learning is critical. This shift presents an unprecedented opportunity for India's professionals to adapt and thrive in the evolving AI-driven job market. This is a golden age for professionals to upgrade skills, embrace continuous learning or consider building a career in this dynamic AI job market.

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