AI MISSION: IT MINISTRY ALLOCATES BUDGET TO ENHANCE AI INFRASTRUCTURE
Why in the news?
- The Ministry of Electronics and IT has received its first budget allocation of Rs 551.75 crore for the India AI Mission in the Union Budget 2024.
- A tender will be released soon to procure 300 to 500 GPUs to help the private sector build and test AI systems, enhancing domestic computing capacity.
source: money control
Implementation Strategy
- The government plans to implement the computing infrastructure through a public-private partnership model, providing 50% viability gap funding.
- An India AI Innovation Research Centre will be set up, with a focus on developing and deploying large foundational models, supported by Rs 2,000 crore. Additionally, 4,000 BTech, 400 MTech, and 600 PhD candidates will receive financial support to specialize in AI.
About India’s AI Mission
Overview
Key Objectives
Implementation Strategy
Associated Article: https://universalinstitutions.com/indias-rs-10000-cr-ai-mission/ |