कोशिश गोल्ड - मुक्त
Big chunk of India AI Mission fund to go into AI compute
Mint Mumbai
|December 05, 2024
Forty-four percent of ₹10,371.92 crore earmarked for providing capacity of over 10,000 GPUs

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.
यह कहानी Mint Mumbai के December 05, 2024 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
क्या आप पहले से ही ग्राहक हैं? साइन इन करें
Mint Mumbai से और कहानियाँ
Mint Mumbai
Nelco crosses first step to satcom reselling licence
Tata Group-owned Nelco Ltd has received the government's preliminary approval to resell satellite internet services to consumers by partnering with companies such as Elon Musk’s Starlink, OneWeb, Amazon's Kuiper and Jio Satellite, according to three people in the know.
3 mins
October 02, 2025
Mint Mumbai
US trade pact close, comprehensive deal to sidestep patents
As India and the US inch closer to the timeline to finalize a trade deal, both sides are moving towards signing a comprehensive Bilateral Trade Agreement (BTA) that will cover nearly every aspect of commerce, from tariff reduction and easing of non-tariff barriers to expanded access in services and energy cooperation.
2 mins
October 02, 2025

Mint Mumbai
RBI unveils plans to bolster credit flow to corporates, capital market
Regulator to remove cap on banks’ market lending to single group, proposes to allow acquisition funding
2 mins
October 02, 2025
Mint Mumbai
Cough syrup kills 6 children in MP; govt begins probe
Early reports suggest the syrups may have been tainted with diethylene glycol, a toxic chemical
1 mins
October 02, 2025

Mint Mumbai
Prez Trump's proposed changes to visa rules assailed by chip industry
The F-1 student visa serves as a critical pipeline to the tech workforce
4 mins
October 02, 2025

Mint Mumbai
Top firms tick boxes, but lag on diversity, independence
India's top 100 listed companies have shown progress in corporate governance practices, but persistent gaps remain in board meeting attendance, diversity, and leadership independence.
2 mins
October 02, 2025
Mint Mumbai
RBI rate actions are signals that markets need not always heed
Contrary to widespread belief, monetary transmission is both slower and far-from-linear, globally
3 mins
October 02, 2025
Mint Mumbai
US shutdown, Fed rate cut bets lift gold
Gold prices rallied by ₹1,100 to breach 1.21 lakh per 10g mark in the national capital on Wednesday, tracking global cues amid US government shutdown after Congress failed to approve fresh federal funding.
1 min
October 02, 2025

Mint Mumbai
Food delivery giants rid health wave to bulk ma
Zomato and Swiggy are bringing in features like 'healthy mode' and a 'high
3 mins
October 02, 2025
Mint Mumbai
Ola Electric under fund pressure amid sales de
The EV maker missed its sales targets to achieve profitability for seventh con
2 mins
October 02, 2025
Listen
Translate
Change font size