India to Develop Bespoke AI Foundational Model: Key Step Towards Global Leadership

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India Sets Sights on AI Leadership with Bespoke Foundational Model

Team Finance Saathi

24/May/2024

Key Points:

India announces plans to develop a bespoke AI foundational model, investing $240.2 million.
The initiative aims to position India alongside global AI leaders like China and the US.
Collaboration with top researchers and institutions will drive the development of the model, addressing India's specific requirements.

In a bold move towards technological advancement, the Indian government unveils plans to establish itself as a global leader in artificial intelligence (AI) through the development of a bespoke foundational model tailored to the needs of Indian companies, entrepreneurs, academics, and researchers. This ambitious initiative, set to commence after the 2024 Lok Sabha elections, marks a significant milestone in India's journey towards harnessing the potential of AI.

Investment and Ambition

Backed by an initial investment of US$ 240.2 million (Rs. 2,000 crore), this endeavor aims to position India alongside nations like China and the US, which have already embarked on similar initiatives. The proposed initiative will be led by the IndiaAI Innovation Centre, established under the US$ 1.20 billion (Rs. 10,000 crore) IndiaAI Mission.

Collaboration and Development

Collaboration is at the heart of this initiative, with the government poised to partner with eminent higher education institutes and prominent AI researchers in the private sector. The objective is to develop a foundational model tailored to India's specific requirements and preferences. This model, envisioned as either a large action model (LAM) or a large multimodal model (LMM), aims to produce outputs catering to various applications and services.

Foundation for Innovation

Foundational models play a crucial role in the AI ecosystem, serving as the cornerstone for developing other AI models. By leveraging existing data, these models generate new responses based on user inputs. The bespoke foundational model will build upon existing projects like Bhashini, aiming to provide output in more than one native language, thus addressing India's linguistic diversity.

Global Recognition and Leadership

With this initiative, India aims to assert its position as a global leader in AI innovation and research. By investing in cutting-edge technology and fostering collaboration between academia, industry, and government, India seeks to carve out a niche for itself in the rapidly evolving AI landscape.

Future Outlook

As the initiative gathers momentum, stakeholders eagerly anticipate the transformative impact it will have on various sectors of the economy. From revolutionizing healthcare and education to enhancing cybersecurity and driving innovation, the possibilities presented by AI are limitless. With concerted efforts and strategic investments, India is poised to unlock the full potential of artificial intelligence and propel itself towards a brighter, technologically-driven future.

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