India on Thursday accepted a national-level synthetic intelligence initiative with an funding outlay of 103 billion Indian rupees ($1.25 billion), in keeping with an official assertion.
“The India AI mission will establish a comprehensive ecosystem catalyzing AI innovation through strategic programs and partnerships across the public and private sectors,” a authorities assertion stated late Thursday after a Cabinet assembly chaired by Indian Prime Minister Narendra Modi.
The initiative will contain the institution of an AI innovation heart, a platform for datasets, and elevated startup financing, the assertion famous.
According to the federal government, the India AI Mission will purpose to “propel innovation and build domestic capacities to ensure the tech sovereignty of India.”
“It will also create highly skilled employment opportunities to harness the demographic dividend of the country. India AI Mission will help India demonstrate to the world how this transformative technology can be used for social good and enhance its global competitiveness,” the assertion stated.
Source: www.dailysabah.com