March 11, 2024
1 min read

‘IndiaAI Mission’ Wins Industry Praise

The IndiaAI Mission will establish a comprehensive ecosystem catalysing AI innovation through strategic programmes…reports Asian Lite News

The industry leaders on Friday hailed the government’s IndiaAI Mission initiative, the country’s first artificial intelligence (AI) mission that was approved with an outlay of Rs 10,371.92 crore.

The IndiaAI Mission will establish a comprehensive ecosystem catalysing AI innovation through strategic programmes and partnerships across the public and private sectors.

“The focus on funding deep tech AI startups, developing open source databases, as well as domain-specific large language models will play an instrumental role in fueling AI innovation in the country, making India a global leader in harnessing the potential of artificial intelligence,” said Tilakraj Parmar, Co-Founder & CEO, QX Lab AI.

He also mentioned that the government’s move to provide financial support and a strategic roadmap for AI integration will act as a catalyst for economic growth and innovation.

Prashanth Kaddi, Partner, Consulting, Deloitte India, said that this move gives a fillip to the startup ecosystem “to drive innovation helping India leapfrog into areas such as text summarisation, video/image generation, and next-gen chatbots etc., including enablement across Indian languages”.

The Mission will be implemented by ‘IndiaAI’ Independent Business Division (IBD) under Digital India Corporation (DIC).

According to an official, the approved IndiaAI Mission will propel innovation and build domestic capacities to ensure the tech sovereignty of the country.

It will also create highly skilled employment opportunities to harness the demographic dividend of the country.

ALSO READ: Arundhati Bhattacharya Advocates Women’s Role in Emerging Tech

Previous Story

England’s Batting Debacle Echoes, Hussain Warns

Next Story

Indian Startup Ecosystem Flourishes

Latest from India News

7/7 London & 12/3 Bombay – Tale of Two Cities

The 7/7 bombings changed London forever. The Victorian-era Tube system still struggles with outages and emergencies. A minor fire or power failure still sends people scrambling in fear.  I saw the same

England Stay Hopeful

With 536 runs still needed and seven wickets in hand, Trescothick acknowledged the difficulty of the challenge but refused to rule out any possibility. England assistant coach Marcus Trescothick admitted that chasing

BRICS must break the digital chains

BRICS nations need to build consensus, balance innovation and social justice by reinforcing the digital sovereignty of Global South, including evenly distribution of benefits through AI, writes Baidya Bikash Basu BRICS, the
Go toTop

Don't Miss

Modi thanks Albanese for hosting QUAD summit in May

Australian Prime Minister Anthony Albanese on Wednesday announced that it

Ayodhya set to welcome 12 BJP ruled states’ CMs

All the chief ministers and deputy CMs will stay overnight