India sets aside $1.25 billion to accelerate the development of AI

Supporting AI research on a national level and making computing power more accessible are two goals of India’s IndiaAI Mission.

The “IndiaAI Mission” has received its first funding of 10,300 crore rupees ($1.24 billion) from India’s highest decision-making body, the Union Cabinet. Over the next five years, the initiative hopes to support AI businesses and new developments.

Computing power is essential for artificial intelligence (AI) research and deployment. The IndiaAI Mission seeks to make it easily accessible throughout the country for innovators, entrepreneurs, students, and educational institutions. During a cabinet briefing on March 7, Union Minister Piyush Goyal made the announcement. The announcement that backed it up stated:

“The main objective of this budget is to support India’s AI innovation ecosystem by implementing the IndiaAI Mission in an organized manner via a public-private partnership approach.”

Out of the seven parts that make up the IndiaAI Mission, four focus on creating AI applications, improving access to high-quality non-personal data sets, and increasing the availability of computational power and indigenous large multimodal models (LMMs).

Artificial intelligence (AI) firms established via public-private partnerships will have access to essential resources through an AI computer infrastructure consisting of 10,000 GPUs or more. The remaining parts center on teaching students AI, funding AI businesses with advanced technology, and creating safeguards to protect people from AI-related risks.

Narendra Modi, the prime minister of India, stated: “A huge step forward in our pursuit of becoming a world leader in AI innovation has been marked by the Cabinet’s adoption of the IndiaAI Mission, which will enable AI companies and increase access to computing infrastructure.”

The government of India is hopeful that developments in artificial intelligence will help the country’s economy grow and provide jobs for those with specialized skills.

Indian officials issued a warning to tech businesses on March 1, urging them to get government clearance before launching any artificial intelligence (AI) technologies. According to the ministry, “access to the Indian Internet by users requires the express approval of the Indian government.”

The advisory further requested that platforms ensure their tools do not pose a “threat to the integrity of the electoral process,” given the impending general elections in the summer of 2024.

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