New Delhi, Oct. 21 -- India's listed artificial intelligence (AI) market could gain an additional USD 50 billion to USD 100 billion in market capitalisation over the next two to five years as privately held AI companies move towards initial public offerings (IPOs), according to a report by Goldman Sachs.

The report identified 84 privately held Indian companies with significant exposure to the AI value chain, estimating their combined current value at around USD 55 billion. Of these, 71 companies are at growth, late, infrastructure or buyout investment stages and have a combined estimated value of USD 54 billion.

Goldman Sachs estimates that 25-50 per cent of these 71 companies could go public over the next two to five years. Assuming an...