The Indian AI startup ecosystem has finally shed its hype, with founders now focusing on driving meaningful disruption in various industries. The shift is evident from the conversations at the Fortune India Startup Summit 2023, where experts discussed the importance of workflows, data, and real-world applications in AI development. A recent survey by ResearchAndMarkets.com found that the global AI market size was valued at $189.2 billion in 2020 and is expected to reach $330.8 billion by 2025, growing at a CAGR of 28.1%. In India, the AI market is projected to reach USD 10.7 billion by 2026, growing at a compound annual growth rate (CAGR) of over 25%. Another study by MarketsandMarkets predicts that the Indian AI market will create over 2 million new job opportunities by 2025.

AI Ecosystem Moves Beyond Hype as Founders Focus on Driving Disruption

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