Shaping The Future Of AI: Inc42 To Host The GenAI Summit In Bengaluru This April

In July 2020, the hype and buzz around GPT was brand new. After all, generative pre-trained transformers or GPTs, and therefore large language models and generative AI were not more than two years old at this time.

In other words, this was alien territory for most of the tech world, but for us, July 2020 was the start of a revolution — we even published an edition of ‘The Outline’ with a GPT3-generated introduction.

In just under four years since then, GPT is no longer an alien term, generative AI is pretty much everywhere — even in our phones — and India even has an AI unicorn in 2024, in the form of Bhavish Aggarwal’s Krutrim. 

All this to say, we have been on this generative AI trail for a while now, and have seen the maturity curve of this segment. We have seen the space evolve from scepticism to experiments to meaningful products and even memes. 

Along the way, we have also witnessed large-scale commercialisation of AI driven by OpenAI and its founder Sam Altman, which spurred the likes of Google, Meta, Microsoft, Amazon and other tech majors to double down on AI. 

Many doubted it at first, but GenAI is now well and truly, the future. But even as this realisation is settling in, there is also some fear and confusion. 

As always, Inc42 has taken on the mantle of getting to the core of it all. Which is why we are hosting The GenAI Summit 2024 — decoding GenAI’s potential in India’s startup economy — in Bengaluru on April 3, 2024.

The GenAI Summit — presented by Inc42 and Microsoft, co-presented by Invideo and QX Lab AI and supported by partners such as Venture Catalysts, Google Cloud, Mobavenue, MongoDB,  and Peak XV — will host 250+ attendees including emerging and growth AI startups, policymakers, business leaders and investors.

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The GenAI Summit 2024: Why Now? 

Over the years, we have been at the forefront of exploring the ins-and-outs of the innovation engines of the Indian startup ecosystem. Inc42 turned the spotlight on India’s product makers with The Makers Summit in 2020, tracked the startup ecosystem’s growth areas with The D2C Summit, The Crypto Summit and The Fintech Summit over the past three years, and now we are setting the stage for the GenAI ecosystem in 2024. 

For one, the Indian startup ecosystem is taking baby steps and still only coming to terms with how GenAI can change businesses. Many have expressed concern about the dominance of big tech giants, others have called for global regulations and of course, the biggest debates have been around how AI will impact human jobs and our livelihoods. 

The early adopter wave has leveraged generative AI to streamline workflows and automate manual tasks, but there is a lot more than GenAI is set to change. 

We know it will disrupt how consumers interact online with brands and each other, we know it will revolutionise the development and distribution of software and services, and we also know it will make many jobs redundant, creating the need to reskill millions of individuals. 

If software was once at the dining table, it’s AI that’s now eating the world. 

There is no better time than now to cut through the clutter and come down to the brasstacks of where startups are heading in this GenAI world. How are investors viewing this booming space and does India have the ‘right to win’ in this global battle? 

What to Expect At The GenAI Summit?

The GenAI Summit is a one-of-a-kind, invitation-only conference that aims to bring together the leading minds in the generative AI space. Expect an impressive lineup of over 25 leaders from the startup, policy and enterprise ecosystems. 

Founders, investors, CTOs and AI experts will drive discussions and debates around the emerging trends in GenAI, how businesses can leverage LLMs and AI models strategically, and where India is placed on the global GenAI map. 

We believe that this is THE time to give the budding ecosystem this platform with a highly curated and exclusive audience of 250+ individuals that are driving GenAI in India. 

Besides live demos of GenAI applications, over a dozen engaging sessions (keynotes, fireside chats and interactive panels), The GenAI Summit will be the biggest stage for networking in India’s AI world.

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Inc42’s Generative AI report showed that India’s GenAI market is projected to be a $17 Bn+ opportunity in the next six years. Our biggest objective with The GenAI Summit is to bring Indian startups under the spotlight so they can make the most of this opportunity. 

Our report further highlighted that 70+ native GenAI Indian startups have secured over $440 Mn in funding between 2019 and 2023. With their sector-agnostic use cases, these startups are expected to drive significant shifts in operations and business models. 

Given the broad and horizontal impact of generative AI, Inc42’s The GenAI Summit will not focus on any single or narrow aspect of GenAI, such as coding or LLMs, but will present a 360-degree outlook for all kinds of startups. After all, consumer startups are adopting GenAI just as enthusiastically as enterprise tech giants. 

Through 12+ sessions and live demos, we will explore the impact of GenAI on various industries like edtech, SaaS and ecommerce. Founders and CTOs will decode the most cost-effective AI strategies for their businesses and understand how to lay the foundations for GenAI adoption, including bringing on board the right talent and leadership for AI operations.

In terms of use cases, attendees will learn about the application of GenAI in products, marketing and enhancing customer experience, as well as its business applications.

But GenAI is still new and many are naturally fearful of its negative impact on their businesses. We have curated sessions to help attendees navigate challenges around GenAI, such as deepfakes, privacy concerns, misinformation, and the malevolent use of AI. The GenAI Summit will also cover the best standards for ethical AI practices and how startups can adopt them to avoid pitfalls.

Who Can Attend?

As an invitation-only event, we are looking to bring emerging and growth-stage AI startups — those driving innovation through GenAI’s foundational and infrastructure layers as well as those building applications. 

This day will be dedicated to learning and knowledge sharing. So we also extend the invitation to business leaders from enterprises that are seriously investing in GenAI and those looking to implement mature AI solutions.

Moreover, the summit is open to policymakers examining GenAI from a regulatory lens and institutional investors seeking to make informed decisions by placing strategic bets on GenAI startups.

Given that this is an invite-only summit, we urge interested applicants to submit their applications through the links below (or above). 

Inc42’s editorial team will meticulously vet each application and applicants will receive a confirmation of their status within five to seven working days.

We welcome you to be part of the future, discover what India is doing with GenAI. Come join us

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