Prosus: India to Drive Next Tech Boom, AI Not a Bubble

• Global tech investor Prosus sees India as a core pillar of its AI strategy, alongside Europe, planning deeper investments in AI-native companies and R&D.
• CEO Fabricio Bloisi dismissed concerns of an AI bubble, stating AI will fundamentally reshape businesses over the next decade despite some stretched valuations.
• Prosus aims to establish AI labs and expand its technology and R&D footprint in India this year, similar to its AI House in Amsterdam and European labs.
• The company's investment focus in India will target AI-native firms and those leveraging AI for growth, emphasizing an ecosystem-driven model with portfolio companies like PayU, Swiggy, Meesho, and Rapido.
• Prosus is collaborating with the Indian government on the 'AI for All' initiative and will participate in the upcoming AI Summit in mid-February, with announcements expected on AI labs and partnerships.

Why It Matters: Prosus views India as a critical AI market and innovation hub, committing to significant investments and R&D.