The government's target is that artificial intelligence graphics processing units (GPUs) under the government's Rs 10,372 crore AI Mission will be available in the next 18-24 months, MeitY secretary S Krishnan said on March 8.
"The AI Mission was approved by the Union Cabinet yesterday and it is a very significant step. The most crucial element is getting GPU compute power that the country needs. Our target is that the GPUs will be on stream in 18-24 months," said Krishnan at the TieCon 2024 in Delhi.
The IndiaAI mission has proposed government support for the development of AI chips, through a collaborative approach through a public-private partnership (PPP) model.
The Rs 10,372 crore financial outlay will also fortify the IndiaAI Startup Financing mechanism, facilitating streamlined access to funding for budding AI startups and catalyzing their journey from product development to commercialization. The proposal also includes funding provisions for industry-led AI projects aimed at fostering social impact, propelling innovation and entrepreneurship.
The IndiaAI Innovation Centre (IAIC) which will be a 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 IndiaAI Datasets Platform, which will be developed by the Independent Business Division (IBD) of IndiaAI, is slated to receive a boost to enhance accessibility, quality, and utility of public sector datasets, in order to ensure data-driven governance and catalyzing AI-based innovation and research.
Simultaneously, the IndiaAI FutureSkills program will focus on expanding the reach of AI education by increasing the accessibility of graduate and post-graduate AI programs, while also establishing Data and AI Labs that will not just be spread across major Indian cities but also smaller towns and cities to impart foundational-level courses in Data and AI.
Aligned with the broader vision of the IndiaAI Mission, these initiatives aim to bolster India’s global leadership in AI, foster technological self-reliance, ensure ethical and responsible AI deployment, and democratize the benefits of AI across all strata of society.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
