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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. SEE ALSO:<a href="https://www.businessinsider.in/stock-market/news/vraj-iron-and-steel-ipo-allotment-how-to-check-allotment-ipo-gmp-listing-date-and-more/articleshow/111394752.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/news/vraj-iron-and-steel-ipo-allotment-how-to-check-allotment-ipo-gmp-listing-date-and-more/articleshow/111394752.cms" target="_blank">Vraj Iron and Steel IPO allotment – How to check allotment, IPO GMP, listing date and more</a><a href="https://www.businessinsider.in/business/telecom/news/reliance-jio-and-airtel-price-hike-new-plans-and-how-you-can-save-money/articleshow/111331794.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/telecom/news/reliance-jio-and-airtel-price-hike-new-plans-and-how-you-can-save-money/articleshow/111331794.cms" target="_blank">Reliance Jio and Airtel price hike – new plans and how you can save money</a><a href="https://www.businessinsider.in/tech/mobile/webstories/upcoming-smartphones-launching-in-india-in-july-2024/slidelist/111304902.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/webstories/upcoming-smartphones-launching-in-india-in-july-2024/slidelist/111304902.cms" target="_blank">Upcoming smartphones launching in India in July 2024</a>

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

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>

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

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

IANS

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