According to a US-based investment bank, Paytm and Affle are AI plays.

In order to capitalize on the artificial intelligence (AI) trend, Matt Orton, Chief Market Strategist at Raymond James, is rearranging his portfolio in India. This includes increasing exposure to tech-enabled businesses like Affle 3I and One 97 Communications, which runs the payments platform Paytm. With more than $1.6 trillion in assets under management as of the end of June, the Florida-based investment bank's statement is noteworthy given that the dearth of listed firms developing AI products and services has limited the value of India's stock market.