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Reading: With the approval of the India AI mission by the government, technology companies, including deep-tech firms, see an opportunity for expansion
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With the approval of the India AI mission by the government, technology companies, including deep-tech firms, see an opportunity for expansion

Team Happen Recently
Last updated: 2024/03/08 at 12:43 PM
Team Happen Recently
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The announcement of the India AI Mission by the government, supported by a significant investment of Rs 10,372 crore, has been well received by businesses. Experts see this as a positive step towards fostering the development of artificial intelligence (AI) in the country.

The allocated funds will be utilized to establish a robust AI ecosystem through collaboration between the public and private sectors. Industry experts and international partners can contribute their practices and knowledge to enhance AI development, making it a key component of Industry 4.0.

The initiative reflects the government’s commitment to promoting innovation, nurturing talent, and ensuring inclusivity in the AI field. By implementing transparent and strategic plans, this mission holds the potential to advance various sectors and position India as a leading global AI player.

The AI market in India surpassed $4.1 billion in 2023, with machine learning (ML) holding the largest share at $2.7 billion. AI is poised to revolutionize the technology sector by enhancing productivity through simplification and automation processes.

Furthermore, AI is expected to drive advancements in robotics, enabling the development of robots for various applications like autonomous vehicles. The approval of the India AI mission is anticipated to benefit sectors such as healthcare, education, and agriculture.

The proposed investment in GPU-based computing capacity is seen as a positive step towards fostering the generative AI (Gen AI) economy. This move is likely to boost the startup ecosystem and innovation, enabling the creation of advanced AI applications in areas like text summarization and chatbots across Indian languages.

Experts believe that the India AI mission signifies a significant government commitment in terms of resource deployment. The mission focuses on key pillars like employment, innovation, responsible AI, and AI for development, with plans to create an AI data platform for seamless access to non-personal data.

While the non-personal data governance framework has been discussed, there is a need for clarity on how this data will be collected and its differentiation from personal data under the Digital Personal Data Protection (DPDP) Act. Discussions also revolve around the potential implications of non-personal data and its alignment with the government’s Digital India Act proposal.

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