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Fleet Management Startup Motive Technologies Inc. is planning to double the India workforce and become a member of an increasing number of artificial intelligence -a horns from Silicon Valley that expands in the South Asian country.
The startup based in San Francisco intends to hire more than 300 people for his AI, product and engineering teams in the Bangalore Development Center in the next two years, said Chief Executive Officer Shoaib Makani in an interview. With a value of $ 2.85 billion in a 2022 financing round, the tools of Motive Fleet Operators help to manage their employees, vehicles and expenditure.
Motif is one of the starters that large technology companies such as Meta Platforms Inc. and Microsoft Corp. Follow to India, gambling on one of the world’s deepest AI engineering pools to accelerate product cycles and accelerate innovation. Especially in the southern city of Bangalore, there is a hotspot, because the technical industry issues billions of dollars to add facilities and to recruit AI employees in the most densely populated country in the world.
“The AI -Talen density in Bangalore competition in the Bay Area,” said Makani, a ventures -aluin of Google and Khosla. “If you are not in Bangalore, you have a strategic disadvantage.”
Bangalore, the most important technical hub in India, will house one third of the worldwide R&D staff base of Motive. Motive, whose 120,000 customers include FedEx Corp. And Halliburton Co. currently has around 250 employees in the country.
AI will have a cumulative global economic impact of $ 19.9 trillion until 2030, which strengthens growth all over the world, according to a recent study by market research agency IDC. A shortage of talents, however, threatens to slow down the adoption -one in two AI jobs in the US will not be filled by 2027, and India will be a million people under skilled AI talent by that year, according to a recent report from Bain & Co.
Unicorn Abbyy Software, which specializes in AI-driven document automation, opened an R&D center in Bangalore last week with around 65 positions, and plans to double the following year. The talented workforce of the region offers enormous opportunities for startups, said Ulf Persson, CEO of Milpitas, in California, in an announcement.
