How is AI changing companies in 2024? ft Varun Dua & Mukesh Bansal | Ab India Karega Groww

"I think U when it comes to businesses transforming business processes just speeding things up dramatically eliminating lot of redundant low quality work I think that is pretty much here and now we should see I think lot of transformation but probably not in a hurry I also think next 12 to 18 months are probably going to be very slow because it say you know that hype has overtaken the reality so now the reality needs to catch up to the hype and some people will disillusion for a while"

"I do foresee that in maybe a year or two there will be a lot of companies that will evolve to actually using that that's what I meant by a collaborator will have that you imagine that as an employee"

"I think some companies I think will just cease to exist just because that one thing can do everything that company does 2 three hours"

"I think we have the engineering capabilities and all the large IT services companies are retraining their Workforce to come up to speed or whatever happening in gen so that way I think from knowhow point of view I think we are very well positioned but these Foundation models you know they require multi-billion dollars of investment again again things getting obsolete I think we are far behind"

"I hope it changes next 12 to 24 months but right now I'm not seeing I think we are again you know one more cycle of getting too dependent on all this foundational technology from the West I don't think we still dream big you know as as a as a country if I can just take the argument somewhere else we are much happier with incremental Innovation versus saying okay I'm going to bet the farm I'm going to bet something like a couple of billion dollars on some new technology because I can see it happening"

"is when people are willing to fund or the ecosystem is willing to fund wildly success wild bets completely wild bets is when India will get ahead you know I don't think we we're still not there basically"

"look even they already open engineering right and they do the reverse inuring and you they're able to also support the fundamental research also now so at least extremely fast copying like they're you know look at in the EV space I mean Tesla pioner everything but Chinese companies technology wise way ahead of that"

"I think today is the better time than ever before to be an entrepreneur the whole ecosystem has you know opened up the economic is at a point now where the you know the amount of let's say GDP creation that happen over last 20 years it's like four five times you know what has happened in the entire history of India put together"

"I would have been depressed not because that company is bad it's just that you know like like mes said there is you don't feel fulfilled like I think every every entrepreneur who gets out and does something there is generally basically looking for some fulfillment because Beyond a point it stops becoming about money or house or whatever it is"