India leads GenAI use in shopping; 60% plan to increase spending in next six months

December 15, 2025 2:58 PM

India leads GenAI use in shopping; 60% plan to increase spending in next six months

Indian consumers are entering 2026 with strong confidence, as 60 per cent plan to increase their spending over the next six months, alongside rapid adoption of generative artificial intelligence (GenAI) for shopping, a report said on Monday. According to a report by the Boston Consulting Group (BCG), 60 per cent of Indian households expect higher spending in the coming six months, driven primarily by purchases of automobiles and mobile devices. India leads the world in the use of GenAI for sho...

Global end-user spending on GenAI models to reach $14.2 billion in 2025

July 10, 2025 5:31 PM

Global end-user spending on GenAI models to reach $14.2 billion in 2025

A Gartner report said on Thursday that worldwide end-user spending on generative AI (GenAI) models is projected to reach $14.2 billion in 2025. End-user spending on specialised GenAI models, which include domain-specific language models (DSLMs), is estimated to total $1.1 billion this year. Specialised GenAI models are trained or fine-tuned on industry or business process-specific data. Gartner predicts that by 2027, more than half of the GenAI models used by enterprises will be domain-specif...

89% of Indian tech firms launch GenAI POC projects, 33% move to production

February 10, 2025 3:39 PM

89% of Indian tech firms launch GenAI POC projects, 33% move to production

Nearly 89% of Indian technology service enterprises have launched generative AI (GenAI) proof-of-concept (POC) projects, with 33% already moving to production, according to a report released on Monday. The report by EY India highlights how AI is transforming the country’s software services industry by driving innovation, enhancing efficiency, and reshaping business models. Investment in AI continues to rise, with 78% of organisations allocating dedicated budgets and strategies for GenAI adop...

India’s data centre capacity to more than double by fiscal 2027: Crisil report

December 23, 2024 2:30 PM

India’s data centre capacity to more than double by fiscal 2027: Crisil report

The capacity of India's data centre industry is poised to more than double to 2-2.3 GW by fiscal 2027, driven by accelerating digitalisation across the economy, according to a recent Crisil Ratings report. This growth is largely attributed to enterprises investing heavily in cloud storage solutions to meet rising demands. The report highlights the increasing adoption of Generative Artificial Intelligence (GenAI) as a key factor propelling data centre demand. GenAI's requirements for higher comp...