Cabinet green lights India AI Mission; ₹10,372 crore boost to drive Artificial Intelligence innovation

Updated : Mar 08, 2024 11:50
|
PTI

The Cabinet on Thursday approved the India AI Mission with an outlay of Rs 10,372 crore for five years to encourage AI development in the country, Union Minister Piyush Goyal said.

The approved corpus will be used to build a high-end scalable AI ecosystem in public-private partnership mode.

"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," Goyal said.

The mission will be implemented through the IndiaAI Independent Business Division (IBD) under Digital India Corporation (DIC).

"PM (Narendra) Modi Ji has democratised technology. With AI mission, he will make compute power available to innovators, startups, students, and educational institutions," union IT and communications minister Ashwini Vaishnaw said in a statement.

The minister, briefing reporters after the Cabinet meeting, said supercomputing capacity, comprising over 10,000 GPUs (graphics processing unit), will be made available to various stakeholders for creating an AI ecosystem.

The demand for GPU-based servers has increased as they can process data at a higher speed compared to CPU-based servers.

Startups, academia, researchers and industry will be given access to the AI supercomputing infrastructure established under the India AI Mission, Goyal said.

Minister of State for Electronics and IT Rajeev Chandrasekhar on social media platform X said that AI is poised to be the kinetic enabler for India’s digital economy.

"This program will catalyse India’s AI ecosystem and position it as a force shaping the future of AI for India and the world. AI is one of the greatest inventions of our time, India will play a major role in shaping its future. That is ModiKiGuarantee," Chandrasekhar said.

The minister said that the mission will benefit states like Kerala, which, for years, missed the bus in creating a robust tech ecosystem.

AI

Recommended For You

editorji | Business

India's electric vehicle market to reach Rs 20 lakh crore by 2030, says Nitin Gadkari

editorji | Business

Mallya Calls for Justice Over Excess Debt Recovery and Legal Inconsistencies

editorji | World

UK PM Keir Starmer hosts Indian business chiefs to boost investments

editorji | Business

Bangladesh Government Plans to Renegotiate Power Deal with Adani Power, Citing Unfair Terms

editorji | World

New Zealand falls into recession with abrupt economic slowdown