Cabinet approves Rs 10,372-crore India AI mission
By MYBRANDBOOK
Aimed at creating computing infrastructure in public-private partnership mode, the Union Cabinet has approved a Rs 10,371.92-crore artificial intelligence programme. Under the India AI program, the government will aid in building a high-ending scalable AI computing ecosystem, undertake development and deployment of indigenous large multimodal models; promote AI applications in critical sectors and so on. The program will also give support to accelerate deeptech AI startups.
"With an outlay of Rs 10,372 crore, one very ambitious India AI Mission that will encourage AI segment and ongoing research in this field...has been approved by the cabinet," Union Minister Piyush Goyal said.
Through IndiaAI Independent Business Division (IBD) under Digital India Corporation (DIC), the mission will be implemented.
During the media briefing the minister said that supercomputing capacity which will comprise more than 10,000 GPUs (graphics processing unit) will be made available to various stakeholders for creating an AI ecosystem.
The demand of GPU-based server has increased compared to CPU-based servers as GPU-based server can process data at a higher speed.
Access to the AI supercomputing infrastructure will be given to startups, academia, researchers and industry.
Under the AI Mission, an India AI Innovation Centre (IAIC) will be established and it will be leading academic institution, ensuring streamlined implementation and retention of top research talent.
Funds approved by the Cabinet will enable IAIC to spearhead the development and deployment of foundational models, with a specific emphasis on indigenous Large Multimodal Models (LMMs) and domain-specific models, leveraging edge and distributed computing for optimal efficiency.
The financial outlay will fortify the India AI Startup Financing mechanism, facilitating streamlined access to funding for budding AI startups and catalysing their journey from product development to commercialisation.
Also, a National Data Management Office will be set up under the mission and it will coordinate with various government departments and ministries to improve the quality of data and make them available for AI development and deployment.
SAP launches cloud services to help Indian scaleups innovate m
SAP at SAP unveils now "GROW with SAP for Scaleups," a new cloud service d...
Denodo and Sonata form alliance to unlock data-to-value creati
Denodo and Sonata Information Technology India Limited (SITL) have annou...
Google Play Store will now let users download two apps simulta
Google Play Store now lets users download two apps simultaneously. While a...
Google Pay has added "Open Wallet" shortcut
With the introduction of the "Open Wallet" shortcut, Google Pay has impro...
TP-LINK INDIA PVT LTD.
EXIDE INDUSTRIES LTD.
FRESHWORKS TECHNOLOGIES PVT. LTD.
VERSA NETWORKS INDIA PVT. LTD.
Technology Icons Of India 2023: C P Gurnani
CP Gurnani (popularly known as ‘CP’ within his peer group), is the...
Technology Icons Of India 2023: Harsh Jain
Harsh Jain is an Indian Entrepreneur, the co-founder and CEO of the In...
Technology Icons Of India 2023: Rajiv Memani
As Chair of the EY Global Emerging Markets Committee, Rajiv connects e...
New defence PSUs will help India become self-reliant
MIL, India’s biggest manufacturer and market leader is engaged in Pr...
NIC bridging the digital divide and supporting government in eGovernance
The National Informatics Centre (NIC) is an Indian government departme...
ECIL continues to keep India ahead in the growth of Information Technology and Electronics
ECIL played a very significant role in the training and growth of high...
BEETEL TELETECH LTD.
: Beetel is one of the oldest and most reputed brands in the Industry,...
SAVEX TECHNOLOGIES PVT. LTD.
Savex Technologies is the 3rd largest Information & Communication Tec...
TEXONIC INSTRUMENTS
Texonic has carved a niche for itself in the Technology Distribution i...