The South Asian country’s expenditure on artificial intelligence-backed technologies could hit $5 billion by 2027 India’s annual expenditure on artificial intelligence may hit $5 billion by 2027, up from $1.7 billion in 2023, according to a new report, cited by PTI news agency. India has consistently ranked among the top nations in embracing the new technology. The report, released by the Intel and International Data Corporation (IDC) on Tuesday, says spending by Indian entities on AI is likely to increase at an annual rate of 31.5% from 2023 to 2027. “By 2027 AI will be everywhere,” Sharath Srinivasamurthy, the a
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