India Propels AI Innovation with a $1.24 Billion 'IndiaAI Mission'
Summary:
The Union Cabinet of India has authorized the "IndiaAI Mission", pledging an initial $1.24bn fund to promote artificial intelligence start-ups and innovations over the next five years. The mission aims at democratizing access to crucial computing power, fostering AI application development, and introducing educational AI courses. With this, India is targeting to foster economic growth and generate skilled employment opportunities. On a precautionary note, tech companies have been warned to seek government approval before launching any new AI tools.
The Union Cabinet of India has given the green light to the "IndiaAI Mission", allocating a preliminary budget of 10,300 crore rupees, equating to approximately $1.24 billion. The objective of this initiative is to bolster artificial intelligence (AI) start-ups and innovation within the next half-decade. The mission seeks to provide everyone, including innovators, start-ups, students, and educational institutions, with countrywide access to essential computing power to further AI development and deployment. Union Minister Piyush Goyal publicized the development on March 7th during a cabinet briefing. The official statement stressed the goal of the financial investment is to facilitate a well-structured execution of the IndiaAI Mission through a cooperative model between the public and private sectors, with the intent of nurturing India’s AI innovation environment.
The IndiaAI Mission comprises seven sectors, four of which focus on constructing and democratizing computing capability, and establishing indigenous Large Multimodal Models (LMMs), facilitating access to superior non-personal data sets, and fostering AI application development. An AI computing structure that includes 10,000 or more Graphics Processing Units (GPUs) will provide vital resources to AI start-ups, created via public-private collaboration. The remaining components emphasize the introduction of educational AI courses, funding for in-depth AI tech start-ups and constructing safety parameters for AI progression.
Indian Minister Ashwini Vaishnaw officially launched the IndiaAI Mission. According to India's Prime Minister, Narendra Modi, the cabinet's endorsement of the IndiaAI Mission will empower AI start-ups and extend access to compute infrastructure. This commendable stride aligns with India's goal of becoming a global AI innovation leader.
The government of India anticipates that the evolution of AI will stimulate economic growth and create job opportunities for highly skilled professionals. India's tech companies received a warning on March 1st, stating that they must obtain government approval before launching newly developed AI tools. The ministry clarified that any user availability on India's internet would require explicit governmental permission. The advisory also instructed platforms to ensure their tools do not undermine the electoral process, given the expected general elections in the summer.
Published At
3/8/2024 2:48:45 PM
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