stpi india ai mission: STPI lauds Rs 10,000-crore allocation for AI mission

The allocation of Rs 10,000 crore for artificial intelligence (AI) is crucial for startups across all sectors, regardless of their industry focus, Arvind Kumar, director general of Software Technology Parks of India (STPI), said on Friday.

STPI is an organisation under the ministry of electronics and information technology (MeitY) that promotes the IT industry in India, focusing on innovation, research and development, startups and product/IP creation.

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“It is important not just from the perspective that something has been done for AI but something done for the whole startup community,” said Kumar at the TiEcon Delhi 2024 startup conference.

The Union Cabinet on Thursday approved a Rs 10,371.92-crore India Artificial Intelligence Mission for the next five years, aimed at creating computing infrastructure in public private partnerships.

ET reported on Thursday that as many as 10,000 graphics processing units (GPUs) will be made available to startups and a marketplace will be created for this.

“AI is going to become a tool that will be required to be used in each and every vertical and domain of this country,” Kumar said, while highlighting the importance of the allocation.

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“This budget will allow us with public-private partnerships to move up in the chain of AI…In 10-20 years, we will have our own indigenous GPUs,” he added.ET had earlier reported that startups have long been calling for a GPU cluster that they can have access to, given the scarcity and exorbitant cost of this infrastructure.


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