Well, for many of us, Artificial intelligence (AI), particularly generative AI, has become a part of daily life. ChatGPT and Geminis of the world offer great convenience for day-to-day activities and increase productivity and efficiency. Despite the hype surrounding AI, a significant gap remains between investments and monetization. With over USD 92 billion invested in 2022, and projections of approximately USD 200 billion in a couple of years, demonstrating a return on investment (ROI) for AI is becoming crucial. This is especially challenging due to hurdles such as slower adoption rates and high operating costs. An analysis by Sequoia suggests that AI revenues need to exceed USD 600 billion to justify the current level of investment. However, combined AI revenues were only USD 28 billion in 2022.
Talking on agriculture, About 75% of the Indian population lives in rural areas and about 80% of this population is dependent on agriculture for its livelihood.Agriculture accounts for about 37% of the national income. The development of the rural areas and of agriculture and its allied activities thus becomes vital for the rapid development of the economy as a whole. Agricultural Productivity Even though India occupies the first or second position in the world in several crops in terms of area and production, it's rank in terms of productivity per hectare in the world is 52 for rice, 38 for wheat and much low in several other crops. The productivity of some crops is not only low but also remained stagnant over the years. The yield gap needs to be bridged through an integrated package of technology and agricultural policies to reap the untapped production potential, particularly, in rain-fed and other low productivity areas.
What the INDIA INC says abt it?
A
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