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The Future is AI: 7 Pillars of India’s ₹10,372 Cr Mission Explained

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Ever wondered how your smartphone understands your voice commands or how your social media feed seems to magically curate content you’d love? Artificial intelligence (AI) quietly makes its presence felt in many aspects of our daily lives. 

Recognizing the immense potential of AI, the Indian government recently approved the IndiaAI Mission with a whopping budget of ₹10,372 crore. This ambitious initiative aims to propel India to the forefront of the global AI race. It goes beyond research and development. The government also sees it as an opportunity to create high-skilled jobs, tap into India’s talented workforce, and fuel future economic growth.

                 Artificial Intelligence – Worldwide

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Source: Statista

At a recent cabinet briefing, Piyush Goyal, Minister of Commerce & Industry, announced the IndiaAI Mission. His message was clear: India needs a solid foundation to propel AI technology within the country. So what exactly does this mission contain, and how will it impact you? Let’s find out all about the key features of this game-changing project.

The IndiaAI Mission has Seven Pillars that will guide its approach:

1. India AI Compute Capacity: Supercharging AI Infrastructure:

Imagine a massive AI powerhouse! This pillar aims to build a high-end computing ecosystem with over 10,000 GPUs. This, built through public-private partnerships, will cater to the ever-growing needs of both research institutions and the booming Indian AI startup scene. An AI marketplace will also be established, offering pre-trained models and “AI as a service” – a one-stop shop for resources fueling AI innovation.

2. India AI Innovation Centre: Fostering Homegrown Innovation:

IndiaAI isn’t just about importing technology. This center will focus on developing cutting-edge AI models explicitly tailored for India. Think of Large Multimodal Models (LMMs) capable of handling various data types and specialized foundational models designed for crucial sectors.

3. India AI Datasets Platform: Unleashing the Power of Data:

High-quality data is the lifeblood of AI development. This platform will be a central hub, streamlining access to non-personal datasets for Indian researchers and startups. Imagine a unified platform offering seamless access to critical data, empowering innovation across the board.

4. India AI Application Development Initiative: Real-World Applications:

This initiative will promote the development of impactful AI solutions in critical sectors by bridging the gap between theory and practice. Think healthcare, agriculture, or manufacturing – problem statements sourced from various institutions will be addressed through AI applications. The focus lies in creating and scaling solutions with the potential to drive large-scale social and economic transformation.

5. India AI Future Skills: Building an AI-Ready Workforce:

The future belongs to those with AI skills. This program targets major cities and Tier 2 and Tier 3 regions. By increasing the availability of AI courses across various levels (undergraduate, Masters, PhD), and establishing Data and AI Labs, IndiaAI FutureSkills aims to equip the workforce with the necessary skills to thrive in the AI era.

6. India AI Startup Financing: Fueling Deep-Tech Startups:

Recognizing the immense potential of startups, this pillar will provide streamlined access to funding for promising deep-tech AI ventures. This financial support will empower them to tackle futuristic AI projects and push the boundaries of innovation.

7. Safe & Trusted AI: Building Responsible AI:

AI is powerful, but we need to use it responsibly. That’s why the IndiaAI Mission has a section on “Safe & Trusted AI.” They’re building guardrails to ensure AI is developed and used ethically. This means creating tools and checklists for developers and setting up strong rules to govern how AI works. It’s all about ensuring this unique technology helps people, not hurts them.

According to industry experts at Nasscom, India’s AI market is projected to surge to a whopping $17 billion in just three years. That’s a potential growth rate of up to 35% between 2024 and 2027, as reported by Reuters. This rapid expansion suggests India is poised to become a major player in the global AI landscape, which is the goal of the IndiaAI Mission. 

It’s a big push to boost creativity, build skills here in India, and keep our tech under our control.  Plus, this mission will create many new jobs requiring cutting-edge AI skills, which is perfect for India’s young population. Simply put, it’s a chance for India to become a leader in the world of AI, with a focus on innovation and using tech for good. Pretty exciting, right?

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I’m Archana R. Chettiar, an experienced content creator with
an affinity for writing on personal finance and other financial content. I
love to write on equity investing, retirement, managing money, and more.

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