Mit Magzter GOLD unbegrenztes Potenzial nutzen

Mit Magzter GOLD unbegrenztes Potenzial nutzen

Erhalten Sie unbegrenzten Zugriff auf über 9.000 Zeitschriften, Zeitungen und Premium-Artikel für nur

$149.99
 
$74.99/Jahr

Versuchen GOLD - Frei

Big chunk of India AI Mission fund to go into AI compute

Mint Hyderabad

|

December 05, 2024

Forty-four percent of ₹10,371.92 crore earmarked for providing capacity of over 10,000 GPUs

- Aditi Agrawal

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.

WEITERE GESCHICHTEN VON Mint Hyderabad

Mint Hyderabad

When street dogs, cats bring the office closer

When colleagues work towards a collective goal like looking after community animals, it offers them a sense of purpose

time to read

4 mins

September 15, 2025

Mint Hyderabad

US, Chinese officials hold talks in Spain

US and Chinese officials began talks in Madrid on Sunday on their strained trade ties, a looming divestiture deadline for Chinese short video app TikTok and Washington's demands that its allies place tariffs on China over its purchases of Russian oil.

time to read

1 min

September 15, 2025

Mint Hyderabad

Will We Disprove Yes Minister With Pension Reforms?

In Yes Minister, a TV satire on British politics, Sir Humphrey often stymied urgent reforms by setting up ‘interdepartmental committees.’

time to read

3 mins

September 15, 2025

Mint Hyderabad

It's Clear That Gamblers Should Pay More Taxes Than Investors

Investing aids the economy but gambling is simply consumption

time to read

3 mins

September 15, 2025

Mint Hyderabad

Q-comm gaming the grocery run

Platforms are leaning on gamification for marketing & retention

time to read

2 mins

September 15, 2025

Mint Hyderabad

Why Meme Marketers Hate Congratulations

With more budgets moving to influencer and meme marketing, it's sometimes hard to tell what is an ad and what isn't

time to read

4 mins

September 15, 2025

Mint Hyderabad

SonyLIV rolls with duel despite outrage

The broadcaster, streaming Asia Cup for first time, is sure of adding viewers, boosting revenue despite Indo-Pak tensions

time to read

2 mins

September 15, 2025

Mint Hyderabad

Govt alert on Cairo pharma payments

The Indian embassy in Cairo has issued a cautionary trade advisory to all Indian pharmaceutical exporters regarding Biomed For Pharmaceutical Industries, an Egyptian firm.

time to read

1 min

September 15, 2025

Mint Hyderabad

Digital loans against MFs are fast, but here's what you should know

Do not max out the LTV ratio, do not use it for long-term funding, and keep a watch on market volatility

time to read

5 mins

September 15, 2025

Mint Hyderabad

To curb smokeless tobacco use, India targets 100 high-burden districts

Consumption of smokeless tobacco, a leading cause for cancer, remains one of India's biggest public health challenges, with more than one in five people using such products.

time to read

2 mins

September 15, 2025

Listen

Translate

Share

-
+

Change font size