New Delhi, Oct. 21 -- India's artificial intelligence (AI) ecosystem could add $50 billion to $100 billion to the country's listed market capitalisation over the next two to five years, supported by a potential surge in initial public offerings (IPOs) by privately held AI companies, according to Goldman Sachs.
In a research note, the global investment bank estimated that 25-50 per cent of nearly 70 mid-to-late-stage private AI companies could enter the public markets during this period. The potential listings could command a weighted average valuation of around four times their current estimated value.
Goldman Sachs said the IPO pipeline could expand the range of AI businesses represented in India's stock markets, bringing companies from ...