Umakant Soni, chairman of AI Foundry and Co-founder of IISc’s ARTPARK, highlighted the challenges faced by robotics and artificial intelligence startups as they struggle to find enough funding support in India.
ARTPARK is the research and entrepreneurial hub of IISc (Indian Institute of Science) Bengaluru, focused on robotics and AI startups. Started in 2020, ARTPARK has received several grants till date including seed funding from the Department of Science and Technology (DST) for over five years, Rs 60-crore grant from the Karnataka Government for five years and another Rs 78-crore from the Ministry of Heavy Industries.
Speaking at CNBC-TV18 and Moneycontrol’s Global AI Conclave, Soni said, “These are critical grants. Without these seed grants you can’t get ARTPARK started. While these grants are great to start, but the capital requirement of the companies in AI and robotics are huge…That kind of capital we don’t have in India today, like a fund of funds focused on that area. Lot of things might change with the India AI Mission.”
“Creating a guidance fund of Rs 10,000 crore or more will have a trickledown effect for startups. At ARTPARK, robotic startups have taken Rs 3-4 crore in grants to just find product-market fits,” he added.
Need for building foundational models
Both Soni and Bharadwaj Amrutur, the executive director of ARTPARK and professor at IISc spoke about the need for building foundational large language models (LLMs) in India, even as existing LLMs from global tech giants continue to provide a huge opportunity to build applications over it and is still untapped.
This comes at a time when some of the biggest tech world voices in India including Infosys co-founders Narayana Murthy and Nandan Nilekani have said that India should focus on building use cases instead of trying to develop another LLM after spending billions of dollars.
Amrutur explained, “LLM is actually a repository of knowledge which then provides it in an actionable form. If you don’t have control over it and if you start using that for your applications to take decisions, you are relying on someone else for curating that knowledge. This could be okay for a bulk of things but there could be a lot of specific strategic use cases where you don’t want to lose that control. Then there is of course the issue of bias.”
He also noted another interesting area of bringing physical intelligence in Robotics that is yet to happen. “Creating foundational models in this area, LQMs (large quantitative models), is a huge opportunity where we should not be left behind. A lot of this data will come from simulations and computations like scientific AI, calculations, giving data etc.”
Soni too addressed the risks of not having country’s own LLMs or foundational layers. Citing examples of “level 3” and “level 4” cars moving 1.4 billion Indians, he said there could always be the risk of the vehicles going rogue or facing technical glitches. And not having access to foundational models could mean risking data leaks and control over such incidents.
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