How is the Private Sector gearing up for the Government’s AI Mission?
Growth for Indian Economy: The IndiaAI Mission will help startups and small businesses to create the right set of innovations to fuel the Indian economy, according to experts and tech founders.
On March 7, the Cabinet under the present regime greenlighted the IndiaAI Mission, a comprehensive national-level mission with a budget outlay of Rs.10,371.92 crore over a period of five years.
Yogendra Goyal, Chief Technology Officer of Kuhoo Fintech said the era of artificial intelligence (AI) today is similar to when the computer was invented, and needs localised innovation like software for the needs of the society and the nation.
“The kind of computing power and data an AI model needs is either possible by giant tech companies. This step of the government will help startups and SMEs to work and create the right set of innovations, (and is a) step in the right direction to give fuel & propulsion to the Indian economy,” he said.
Aspects of the Mission
The mission, envisioned as an umbrella programme under the Ministry of Electronics and Information Technology (MeitY) will catalyse AI innovation through strategic programs and partnerships across the public and private sectors.
As part of the mission, 10,000 GPUs (graphics processing units), will be made available to various stakeholders for creating an AI ecosystem. GPU’s have an edge over CPU-based servers for processing data at a higher speed.
