India is organizing the 'Global <keyword id="22243491" type="General" weightage="20" keywordseo="IndiaAI-Summit-2024" source="keywords">IndiaAI Summit 2024</keyword>' under the aegis of the Ministry of Electronics and Information Technology, scheduled for July 3-4 in New Delhi. According to a press release by the Ministry of Electronics and IT, the summit aims to foster collaboration and facilitate knowledge exchange among international <keyword id="22243492" type="General" weightage="20" keywordseo="AI-experts" source="keywords">AI experts</keyword>, reinforcing India's dedication to ethical and inclusive AI growth. The Global IndiaAI Summit 2024 will serve as a vital platform for stakeholders from diverse sectors, including science, industry, civil society, governments, international organizations, and academia. These experts will convene to discuss key AI issues, share insights, and address the challenges faced by the <keyword id="20055332" type="General" weightage="20" keywordseo="AI-ecosystem" source="keywords">AI ecosystem</keyword>. By hosting this summit, India is reaffirming its role as a proactive player in the global AI community, focusing on advancing technologies that are safe, secure, and beneficial to society. As the lead chair of the Global Partnership on Artificial Intelligence (GPAI), India is set to host member countries and experts to advance GPAI's commitment to trustworthy AI practices. The summit aims to showcase India's capability to lead in the AI domain and emphasizes the country's goal of ensuring that AI benefits are accessible to all, thereby contributing to the nation's socio-economic development. Central to the summit is the <keyword id="20869035" type="General" weightage="20" keywordseo="IndiaAI-Mission" source="keywords">IndiaAI Mission</keyword>, an initiative designed to build a comprehensive ecosystem that promotes AI innovation across the country. This mission focuses on democratizing access to computing resources, enhancing data quality, developing indigenous AI capabilities, attracting top AI talent, fostering industry collaboration, providing risk capital to startups, ensuring the societal impact of AI projects, and promoting <keyword id="20750054" type="General" weightage="20" keywordseo="ethical-AI-practices" source="keywords">ethical AI practices</keyword>, read the press release. The IndiaAI Mission is built upon seven key pillars, each targeting a crucial aspect of AI development and deployment. The first pillar, IndiaAI Compute Capacity, aims to establish a scalable AI computing ecosystem with over 10,000 GPUs through public-private partnerships. This will include the creation of an AI marketplace offering AI as a service and pre-trained models, providing essential resources for AI innovators and researchers. The second pillar, IndiaAI Innovation Centre, focuses on developing and deploying large multimodal models (LMMs) and domain-specific foundational models tailored to the unique needs of India's diverse industries and sectors. The third pillar, IndiaAI Datasets Platform, seeks to streamline access to high-quality non-personal datasets through a unified platform. This initiative will support Indian startups and researchers by providing seamless data access, thereby aiding in the development of robust AI models. The fourth pillar, IndiaAI Application Development Initiative, aims to promote AI applications across critical sectors by addressing problem statements from various government bodies and institutions, focusing on creating impactful AI solutions for large-scale socio-economic transformation, read the press release. The fifth pillar, IndiaAI FutureSkills, is dedicated to reducing barriers to AI education by increasing the availability of AI courses at different academic levels and establishing Data and AI Labs in Tier 2 and Tier 3 cities. This effort is crucial for building a steady pipeline of skilled AI professionals, ensuring that talent development keeps pace with technological advancements. The sixth pillar, IndiaAI Startup Financing, supports deep-tech AI startups by providing streamlined access to funding and risk capital, nurturing a vibrant ecosystem of AI startups that drive technological advancements and economic growth. The seventh pillar, Safe &amp; Trusted AI, emphasizes responsible AI development through the implementation of projects focused on ethical AI practices. This includes developing indigenous tools and frameworks and establishing guidelines for the transparency and trustworthiness of AI technologies. 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India to host Global India AI Summit 2024 in New Delhi on July 3-4

Invoking the <keyword id="19895063" type="General" weightage="100" keywordseo="India" source="keywords">India</keyword>n business community to invest in India, Union Minister for Commerce and Industry <keyword id="19895367" type="General" weightage="20" keywordseo="Piyush-Goyal" source="keywords">Piyush Goyal</keyword> said that since India has never defaulted in its history, it is the best time to invest in the country's development. The Union Minister said, "Investing in India has tremendous growth potential for jobs and driving the immense growth potential. NRI deposits saw a $3 billion inflow between April and May of the current year. It was four times what it was last year. India has never defaulted on its sovereign bond, which is a very safe <keyword id="19895437" type="General" weightage="20" keywordseo="investment" source="keywords">investment</keyword>. Considering the <keyword id="19899478" type="General" weightage="20" keywordseo="US" source="keywords">US</keyword> interest rates, I can ensure that there is no better country to invest in with growth, safety, and stable currency." "India will continue to lead the world <keyword id="19931030" type="General" weightage="20" keywordseo="economy" source="keywords">economy</keyword> as the most preferred destination for investment and most favoured destination for <keyword id="19914449" type="General" weightage="20" keywordseo="manufacturing" source="keywords">manufacturing</keyword>. Believe in India, believe in PM Modi and I assure you that the future is bright," the Union Minister said, interacting with the Indian community. Goyal described India-US relations as the golden era and stated that the current relationships have resulted in an opportunity for synergies for the business ecosystem between both countries. He said that the US and Europe will once again be investing in India's infrastructure and Indian talent. Goyal further stated that the government is looking for collaboration with the US in the area of semiconductors and associated components. Reiterating PM Modi's commitment to responsible artificial intelligence (<keyword id="19899640" type="General" weightage="20" keywordseo="AI" source="keywords">AI</keyword>), he said that both countries are looking to work together for the responsible use of AI. The Cabinet has approved an allocation of over Rs 10,300 crore for the IndiaAI Mission, marking a significant step towards bolstering India's AI ecosystem. This substantial financial infusion, slated over the next five years, is poised to catalyse various components of the IndiaAI Mission, including pivotal initiatives like the IndiaAI Compute Capacity, IndiaAI Innovation Centre (IAIC), IndiaAI Datasets Platform, IndiaAI Application Development Initiative, IndiaAI FutureSkills, IndiaAI Startup Financing, and Safe &amp; Trusted AI, according to an official statement of Ministry of Electronics &amp; IT. Lauding the endeavours of the government for infrastructure development the Minister said, "You will see huge infrastructure projects going on in the country which is transforming the way business works, and the way people commute." He also described the upliftment of the economy from the 11th largest economy to the 5th largest economy. He further said, "In the next three years by 2027-28, we will be the third largest Gross Domestic Product (GDP) economy in the world." India is one of the fastest-growing major economies and is currently ranked as the world's sixth-largest economy. <keyword id="20141363" type="General" weightage="20" keywordseo="Ministry-of-Commerce-and-Industry" source="keywords" meta.keywordsubtype="org" meta.entityname="Ministry of Commerce and Industry" meta.hostid="153" meta.entityid="Ministry of Commerce and Industry">Ministry of Commerce and Industry</keyword>, in its official statement, has stated that the economic performance of the country is indicative of the potential of India to achieve a $5 trillion economy by 2025. The Ministry said that the current structure of the economy and the emerging dynamics provide us grounds to target achieving 1 trillion dollars from agriculture and allied activities, 1 trillion from manufacturing and 3 trillion from services.

India is most favoured nation for investment, with growth safety and stable currency, says Piyush Goyal

Prime Minister <keyword id="19895781" type="General" weightage="20" keywordseo="narendra-modi" source="keywords">Narendra Modi</keyword> and <keyword id="19895622" type="General" weightage="20" keywordseo="microsoft" source="keywords">Microsoft</keyword> co-founder <keyword id="19940212" type="General" weightage="20" keywordseo="bill-gates" source="keywords">Bill Gates</keyword>, discussed a wide range of subjects including artificial intelligence (AI) to millets, in a special conversation at the Prime Minister's residence on Friday. Gates praised India's technological advancements in Digital public infrastructure (DPI) and its transformative impact across various sectors, while the PM spoke of his vision for leveraging technology. Technology and healthcare "India is not only adopting technology but actually dealing the way- what are the technological advancements you are most excited about?" Gates asked. <keyword id="19899320" type="General" weightage="20" keywordseo="pm-modi" source="keywords">PM Modi</keyword> emphasised the importance of digital platforms in democratising access to quality healthcare, ensuring that even remote areas receive the same level of medical services as urban centres. "I have built two lakh Aarogya Mandir, Aayushman Aarogya Mandir, in villages. I directly connect my health centre with the best hospital with modern technology. In the beginning, they thought I don't have a doctor. How can he treat me without seeing me? But later they understood the technology that a doctor sitting hundreds of kilometres away is giving him the right diagnosis and advice. So people's confidence has increased. This is the wonder of the digital platform," PM Modi said. Artificial intelligence Prime Minister Narendra Modi also said that he used AI during the G20 Summit hosted by India last year and also uses it for some other tasks. He highlighted the role and benefits of technology and AI while also emphasising the need for regulations. "We had extensive discussions before the G20 Summit, and as you might have seen, the Summit's proceedings took a lot of turns. I believe we have now aligned with G20s core purposes and objectives, bringing them to the mainstream. I hope your first-hand experience echoes this sentiment," he said. "Recently, I went to the Kashi Tamil Sangamam event. As I can't speak Tamil, I delivered my speech in Hindi, which was translated into Tamil in real-time using AI, allowing attendees from Tamil Nadu to understand me clearly," he added. "AI is very important. Sometimes, I jokingly say that in our country, we call our mother 'Aai'. Now I say that when a child is born, he says 'Aai' as well as AI as children have become so advanced," he said. "I am using my NaMo app, and I use AI extensively, which proves immensely beneficial across the country. Here is my photo booth, take a selfie. You can see, every photo of you and me, from the last 20 years is available here. even if you're barely visible in a public event photo, as long as I am in it, and even if your one tenth part is visible, it recognises and retrieves it. This illustrates the day-to-day applications of technology and I believe such innovations add significant value," he said. AI has been one of the focus areas of the government. The Cabinet had recently approved the comprehensive national-level IndiaAI mission with a budget outlay of Rs. 10,371.92 crore. The IndiaAI mission will establish a comprehensive ecosystem catalysing AI innovation through strategic programs and partnerships across the public and private sectors. PM Modi noted that there is a significant risk of misuse of a powerful technology like Artificial Intelligence (AI), especially when placed in unskilled hands, and suggested that AI-generated content should carry clear watermarks to prevent misinformation. "In the case of deepfakes, it is crucial to acknowledge and present that a particular deepfake content is AI-generated along with the mention of its source. These measures are really important, especially in the beginning," he asserted. Millets on the menu During the conversation, the PM called for an improvement in vegetarian diets as it includes several harmful choices and asked people to switch to millets. "I believe even vegetarian diets need improvement. For example, millets. I celebrated 2023 as the Millet Year with UN. Millets have great benefits as they grow on barren land, need minimal water and do not require any fertilizer. It is a superfood. Even within vegetarian options, some choices are more harmful and switching to millet could bring significant benefits," the PM said. Gates responded to the PM telling him how he was apprised of the fact that millets were a very popular diet in Odisha long back. "When I went to Odisha, I came to know that millet was very popular food there a long time ago and now it is coming back in the market in with the joint efforts of the government. They even took me to the shops where they offered me very nutritious foods and they tasted good to me," Bill Gates added. Fight against cervical cancer The PM said that if voted to power again, his new government will allocate funds to scientists for local research in cervical cancer as it wants to vaccinate all girls. "In the coming days, I want to talk about cervical cancer, especially for our daughters. I want to give a budget to our scientists in India. And I want to tell them to do local research on this as well and make a vaccine. And with very little money, I want to vaccinate all the daughters in my country. I am working in that direction these days. When my new government is formed, it will allocate funds to scientists for local research in cervical cancer because we want to vaccinate all girls," Modi told Gates. India reported over 14.13 lakh new cancer cases and 9.16 lakh deaths in 2022, according to the latest estimates released by the World Health Organisation's (WHO) cancer agency, the International Agency for Research on Cancer (IARC). With inputs from ANI and PTI.

PM Modi and Bill Gates discuss AI, climate change, millets and more

As the world goes gaga over <keyword id="7795449" type="General" weightage="20" keywordseo="AI-chatbots" source="Orion">AI chatbots</keyword>, Union Minister of <keyword id="9950217" type="General" weightage="50" keywordseo="state-for-electronics" source="Orion">State for Electronics</keyword> and IT <keyword id="205969" type="General" weightage="100" keywordseo="Rajeev-Chandrasekhar" source="Orion">Rajeev Chandrasekhar</keyword> has a clear vision: To make India a global powerhouse of AI which does not just stop on integrating foreign chatbots but building next-generation of AI-based innovations to <keyword id="13880162" type="DOMAIN" weightage="20" keywordseo="empower" botkeyword="" source="ET" sourcekeytype="COMPANY" meta.keywordsubtype="EQ" meta.aliasname="empower" meta.entityname="Empower India Ltd." meta.entityid="3850" meta.seoname="empower-india-ltd">empower</keyword> billions of citizens. <keyword id="79017" type="General" weightage="90" keywordseo="chandrasekhar" source="Orion">Chandrasekhar</keyword> told IANS that artificial intelligence (AI) is a "kinetic enabler" of the digital economy and the government will infuse more of this disruptive technology into its '<keyword id="3264646" type="General" weightage="80" keywordseo="india-stack" source="Orion">India Stack</keyword>'. "AI will certainly transform the digital economy and grow the business economy in the country. We are launching a very comprehensive programme called the INDIAai Programme and you will see more AI use cases via the India stack -- Aadhaar, Unified Payments Interface (<keyword id="6358921" type="General" weightage="50" keywordseo="upi" source="Orion">UPI</keyword>), DigiLocker, CoWIN and more," Chandrasekhar emphasised. "AI, as I have said, is a 'kinetic enabler' of the digital economy and we want to be the global leader in AI," the Minister told IANS. This week, Chandrasekhar met Microsoft co-founder Bill Gates, and had a "good, interesting conversation about India Stack and Artificial Intelligence (AI)". The government, in the Union Budget for FY24, announced to open three centres of excellence for artificial intelligence (AI) at the top educational institutions, for realising the vision of "Make AI in India" and "Make AI Work for India". According to Chandrasekhar, the government is expanding the INDIAai initiative in partnership with homegrown tech companies, startups and academic institutions under a comprehensive AI programme. The Bhashini team at the IT Ministry aims to build a National Public Digital Platform for languages to develop services and products for citizens by leveraging the power of AI and other emerging technologies. It is creating a unifying architecture, underpinned by principles of open data and open source software, to enable contributions from the research initiatives and the ecosystem. Bhashini, the natural language AI platform, "will enable automated language translation", according to Chandrasekhar who had a three decades' long career in the technology domain before making his foray into politics. According to him, India Stack will become more nuanced, intelligent and sophisticated in its next avatar, as more and more enterprises and countries across the world innovate and integrate, execute, and implement digital transformation. "Our mission as a nation is to offer India Stack or the part of the stack to those enterprises and countries across the world who want to innovate and further integrate, execute, and implement digital transformation," said the Minister. India currently ranks first in terms of AI skill penetration and AI talent concentration and fifth in AI scientific publications, a Nasscom report said last month. India's 'AI Skills Penetration Factor' has been reported to be 3.09 -- the highest among all G20 and OECD countries. More than 1,900 AI-focused startups are providing innovative solutions in the country, primarily in the areas of conversational AI, NLP, video analytics, disease detection, fraud prevention and deep fakes detection. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/international/news/us-received-enough-visa-applications-to-meet-h-2b-cap-for-h2-fy23/articleshow/98383408.cms">US received enough visa applications to meet H-2B cap for H2 FY23</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/sports/news/ronaldinhos-son-joao-mendes-follows-fathers-footsteps-joins-barcelona-academy/articleshow/98383353.cms">Ronaldinho's son Joao Mendes follows father's footsteps, joins Barcelona academy</a>

You Searched For "IndiaAI Mission" and got 4 results

India to host Global India AI Summit 2024 in New Delhi on July 3-4

ANI

India is most favoured nation for investment, with growth safety and stable currency, says Piyush Goyal

ANI

PM Modi and Bill Gates discuss AI, climate change, millets and more

BI India Bureau

We're building next-gen AI to become a global powerhouse: Rajeev Chandrasekhar

IANS