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In a significant development on Thursday, the Narendra Modi-led cabinet gave its nod to a comprehensive national-level initiative, the IndiaAI mission, poised to reshape the artificial intelligence landscape of the country. With an impressive budget allocation of Rs 10,371.92 crore over the next five years, the mission aims to revolutionize the AI ecosystem across India.

Commerce Minister Piyush Goyal highlighted that the IndiaAI mission will foster AI innovation through strategic programs and partnerships in both public and private sectors, according to the cabinet decision.

The mission’s objectives include democratizing computing access, enhancing data quality, nurturing indigenous AI capabilities, attracting top AI talent, enabling industry collaboration, providing startup risk capital, ensuring socially impactful AI projects, and reinforcing ethical AI practices.

Key Components of the IndiaAI Mission:

• Compute Capacity: Establishing a scalable AI computing ecosystem with over 10,000 GPUs through a public-private partnership model and developing an AI marketplace for innovators.
• Innovation Centre: Developing and deploying indigenous large multimodal models (LMM) and domain-specific foundational models in critical sectors.
• Datasets Platform: Streamlining access to quality non-personal datasets for AI innovation through a unified data platform.
• Application Development Initiative: Promoting AI applications in critical sectors by addressing problem statements from governmental bodies and institutions.
• FutureSkills: Expanding AI education accessibility through various academic programs and setting up data and AI laboratories in Tier 2 and 3 cities.
• Startup Financing: Supporting deep-tech AI startups with streamlined funding access.
• Safe and Trusted AI: Implementing frameworks and guidelines for responsible AI development, deployment, and adoption.

Union Minister of State for Electronics and IT, Rajeev Chandrasekhar expressed gratitude to Prime Minister Narendra Modi for approving the substantial budget, emphasizing AI’s potential as a key driver for India’s digital economy.

Commerce Minister Goyal assured that scheme guidelines would be formulated, with selection processes ensuring equal opportunities. He encouraged research institutes and startups to contribute, aiming to democratize AI’s reach for broader stakeholder benefit.

Arun Prabhu, Partner (Head of Technology and Telecommunications) at Cyril Amarchand Mangaldas, hailed the government’s investment in scalable infrastructure and sector-focused initiatives as transformative for India’s AI innovation ecosystem.

Alay Razvi, Partner at Accord Juris LLP, Hyderabad, echoed similar sentiments, noting the potential for collaboration and innovation in the AI domain, which could influence related sectors and the stock market positively.

The IndiaAI mission signifies a bold step towards harnessing AI‘s transformative power for India’s technological advancement and economic growth.

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