MUMBAI, Oct. 1 -- AI markets are starting to see outflows. India isn't getting the money.

Taiwan and South Korea, two of the biggest beneficiaries of the global artificial intelligence (AI) investment boom, are showing early signs of cooling investor enthusiasm. But India, expected to benefit from any such rotation, is still seeing foreign money leave.

Since June, Taiwan- and South Korea-dedicated funds have attracted $23.5 billion and $28.4 billion, respectively, while India has seen outflows of $4.5 billion, said Sunil Jain, vice president at Elara Capital.

Over the past six weeks, however, Taiwan has recorded outflows of $796 million, South Korea $3.17 billion and India $1.48 billion.

"So, it is only since the past six weeks, where...