Forty-four percent, or ₹4,563.36 crore, of the ₹10,371.92 crore approved by the Cabinet for the India AI Mission in March is earmarked for providing compute capacity of more than 10,000 graphics processing units (GPUs) over a period of five years, minister of state for electronics and information technology Jitin Prasada informed the Lok Sabha on Wednesday in a written response.
Nineteen percent, or ₹1,971.37 crore, is allocated for an India AI Innovation Centre (IAIC). The IAIC will develop and deploy indigenous large multimodal models (LMMs) and domain-specific foundational models in critical sectors.
Another 18.7%, or ₹1,942.5 crore, is allocated for startup financing.
This was the first time that the government has given details of allocations for the seven pillars under the India AI Mission. The entire corpus is meant for a period of five years. Prasada was answering a question by Trinamool Congress MP Sajda Ahmed.
In July, a new allocation of ₹551.75 crore was made for the India AI Mission in the Centre's budget for MeitY.
Diese Geschichte stammt aus der December 05, 2024-Ausgabe von Mint Hyderabad.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der December 05, 2024-Ausgabe von Mint Hyderabad.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Capex flexibility tops states' budget wishlist
Kerala, Punjab call for special financial packages, higher borrowing limits
'Adani foray into cement drives deep discounts'
Competition in India's cement sector heated up with the entrance of the Adani Group in September 2022, top manufacturers bumped up discounts to maintain market share, according to a report from British wealth manager Investec.
Tata Steel's Dutch plant gets warning
Tata Steel Netherlands will face fines of almost €27 million if it doesn't take measures within eight weeks
Banks win SC relief on 30% credit interest cap
The Supreme Court on Friday overturned the National Consumer Disputes Redressal Commission (NCDRC)'s 2008 decision to cap interest rates on late credit card bill payments at 30% per annum, bringing relief to lenders that had appealed the consumer forum's ruling.
Leave a movie midway, and get some money back
PVR Inox's move is part of efforts to widen audience base and improve movie-going frequency
Claims of Reliance Infratel's indirect creditors upheld
The apex court upheld ₹10,952 crore claims by four indirect creditors of Anil Ambani-led RCom's tower biz
Pushpa 2 most-watched film of 2024, Coldplay hot
Nostalgia also took centre stage with re-releases like Kal Ho Naa Ho, Rockstar and Laila Majnu still drawing viewers
Bombay HC upholds Adani's bid to develop Dharavi slum
The project gained momentum in 2016 under the Bharatiya Janata Party-Shiv Sena led govt
LIVING THE DREAM
The co-founder and CEO of Dream Sports talks about the correlation between academic mediocrity and success, setting the culture at the organisation, and the boom in fantasy sports in India
TKIL in talks with oil, steel cos for green hydrogen plants
TKIL aims for 100 MW electrolyser capacity by 2025 and has allocated ₹1,500-2,000 crore