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India's AI Story Is 'All Talk, Little Substance,' Says Bernstein
Investment research firm Bernstein warned Thursday that India faces a "strategic tech crisis" as US technology giants deploy predatory pricing strategies to lock up the Indian AI market. Perplexity Pro launched free for one year to Airtel's 350 million subscribers while OpenAI introduced a $5 monthl...
Investment research firm Bernstein warned Thursday that India faces a "strategic tech crisis" as US technology giants deploy predatory pricing strategies to lock up the Indian AI market. Perplexity Pro launched free for one year to Airtel's 350 million subscribers while OpenAI introduced a $5 monthly India subscription compared to $20 in the United States.Bernstein analysts described regulatory "double standards" where foreign tech companies receive favorable treatment while domestic companies face what the firm called "crushing rules and government-led 'tech stacks' that make private business unviable." Bernstein analysts pour cold water on this excitement, dismissing it as a "repeat of the 90s" and arguing that the hype misses the fundamental power imbalance.
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