‘India expected to invest $1 billion in AI by 2023’
3 years, 7 months ago

‘India expected to invest $1 billion in AI by 2023’

The Hindu  

Global enterprises are expected to invest $98 billion in artificial intelligence by 2023 and India’s share in it will be about $1 billion, said Project Management Institute, a Philadelphia-based non-profit organisation with about 28,000 individual members in India. However, some $54 billion — 55% of this proposed global investment — may go waste due to lack of familiarity or understanding of newer practices, technologies and tools and inability to optimise data. The global failure rate of 55% was applied to India as well, as there was no comparable data available for the country as of now, said Srini Srinivasan, MD, PMI South Asia. Project management methodology and framework are imported from traditional practices and therefore are misfit for AI and Data Science projects,’’ he added.

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History of this topic

Ethical use of Artificial Intelligence: Challenges and opportunities
2 weeks, 2 days ago

Ethical use of Artificial Intelligence: Challenges and opportunities

Hindustan Times  

The journey of Artificial Intelligence traces its roots back to 1950, when British mathematician Alan Turing asked, "Can machines think?" Leveraging techniques like deep learning, limited memory AI drives the functionality of generative AI models, which can produce human-like text, music, and even code. Data privacy and security - With vast data troves powering AI, ensuring robust encryption, anonymisation, and …

India is at no. 4 on Stanford’s global AI power list
4 weeks, 1 day ago

India is at no. 4 on Stanford’s global AI power list

Live Mint  

The Stanford Institute for Human-Centered AI has released its findings about the AI-led technology ecosystem at a global level, using the Global Vibrancy Tool 2024 developed by the institute. The tracking tool, which measures a country’s AI ecosystem on key indicators including research papers, private investment, patents, and more, analyzed data from 36 countries to find that the United States …

India's adoption of AI technologies higher than global average, claims new report
1 month, 1 week ago

India's adoption of AI technologies higher than global average, claims new report

Hindustan Times  

A new research by the Boston Consulting Group pegged India's adoption of Artificial Intelligence higher than the global average. “India's swift adoption of AI is redefining its competitive edge globally, with 30 per cent of Indian companies having maximized AI's value potential--surpassing the global average of 26 per cent. With 100 per cent of companies actively experimenting with AI, India …

Indian Youth Leading the Charge in AI Innovation
1 month, 3 weeks ago

Indian Youth Leading the Charge in AI Innovation

Deccan Chronicle  

Indian youth are among the best in innovation and technology, as highlighted by prominent developer platform GitHub's co-founder Dohmke. Dohmke highlighted India's significant contribution to the global AI landscape, with the country being the second-largest group of contributors to generative AI projects on GitHub's platform. Prime Minister Modi also expressed his admiration for the Indian youth in the field of …

Shortage of AI leadership in Indian business
4 months, 1 week ago

Shortage of AI leadership in Indian business

Hindustan Times  

Artificial Intelligence is revolutionising industries worldwide, offering unprecedented opportunities for innovation, efficiency, and economic growth. However, in India, a critical shortage of strong AI leadership is emerging as a significant barrier to fully leveraging these opportunities. The government’s AI initiative in agriculture, where AI-powered systems help farmers with crop health monitoring and yield predictions, demonstrates the transformative potential of AI …

AI, AI Captain: India Tops Global Rankings in Skills, GitHub Projects, 40th in Readiness: MoS IT to Parliament
4 months, 2 weeks ago

AI, AI Captain: India Tops Global Rankings in Skills, GitHub Projects, 40th in Readiness: MoS IT to Parliament

News 18  

While India ranks first in Artificial Intelligence Skill Penetration and first in the number of GitHub AI Projects in the Stanford AI Index report 2024, in the Oxford AI Readiness Index, India is ranked 40th, reflecting the country’s ongoing efforts to strengthen its AI infrastructure, Jitin Prasada, Minister of State for Electronics and Information Technology, recently told Parliament. Prasada emphasised …

Women Key For India's $320 Billion AI Market, But Gender Disparity Remains: NASSCOM-BCG
4 months, 2 weeks ago

Women Key For India's $320 Billion AI Market, But Gender Disparity Remains: NASSCOM-BCG

ABP News  

A new report by NASSCOM and Boston Consulting Group has highlighted the significant role women can play in India's booming artificial intelligence market, which is projected to reach $320-$380 billion by 2027. India Has 64% Gender Gap In AI Leadership Compared To Global Peers The report, titled "GenAI: The Diversity Game Changer We Can't Ignore", analysed the adoption of AI …

Union budget 2024-25 should prioritise AI research: Experts
5 months, 1 week ago

Union budget 2024-25 should prioritise AI research: Experts

New Indian Express  

BENGALURU: As IT companies are increasingly focusing on Artificial Intelligence and Generative AI use cases, experts say the upcoming Budget should promote AI research and implementation apart from focusing on upskilling programmes. In the interim Budget, finance minister Nirmala Sitharaman had announced that three centres of excellence for Artificial Intelligence would be set-up in top educational institutions. “With the increasing …

AI regulation: India can look to Japan for a balanced framework
6 months ago

AI regulation: India can look to Japan for a balanced framework

Live Mint  

In 1991, the Indian government articulated a ‘Look East’ policy to build extensive economic and strategic relations with its eastern neighbours and Southeast Asia. For regulating AI, should India look West towards the EU and its AI Act, or at the US and UK, which are considering more Big Tech-friendly regimes? I believe that India should bring back its Look …

India's AI Spending Forecasted to Reach $5.1 Billion by 2027: Intel-IDC Report
7 months, 1 week ago

India's AI Spending Forecasted to Reach $5.1 Billion by 2027: Intel-IDC Report

News 18  

Intel and IDC have unveiled a joint report assessing the Artificial Intelligence maturity level across eight markets, including India. The report highlighted that India’s AI spending is forecasted to experience the swiftest expansion among the examined markets, with a projected Compound Annual Growth Rate of 31.5 per cent from 2023, reaching $5.1 billion by 2027. According to the report, India, …

95% CIOs deem AI critical for business in 2024: IDC Report
9 months, 1 week ago

95% CIOs deem AI critical for business in 2024: IDC Report

The Hindu  

95% of Chief Information Officers deem AI critical for business in 2024, while 45% in India admit to recruitment challenges for AI-related positions. 69% of CIOs across Asia Pacific further prefer AI work loads in non-public cloud environments as a shift is noticed in CIO priorities from last year with AI topping the list, a study commissioned by Lenovo and …

India’s AI leap: bridging the gap
9 months, 1 week ago

India’s AI leap: bridging the gap

Live Mint  

Though Prime Minister Narendra Modi and the Union government have been talking about ‘Making AI in India’ and ‘Making AI Work for India’ for some time now, there was a worry that the lack of powerful AI compute infrastructure could hold India’s AI ambitions back. The money allocated to help build the all-critical GPU infrastructure through a public-private partnership model …

Mission possible for Battlefield AI
9 months, 2 weeks ago

Mission possible for Battlefield AI

Hindustan Times  

The India AI Mission, approved by the Cabinet on Wednesday, could give Artificial Intelligence development in the country the quantum leap it needs. The mission eyes a comprehensive bolstering of the AI ecosystem — from setting up adequate computing power to facilitating access to anonymised datasets, even establishing a pipeline for AI talent. India’s size and diversity make it imperative …

India to invest $1.2 billion in AI infrastructure, startups; Ambani's Reliance to lead the race
9 months, 2 weeks ago

India to invest $1.2 billion in AI infrastructure, startups; Ambani's Reliance to lead the race

Hindustan Times  

India will invest $1.2 billion in a wide range of artificial intelligence projects as the world's most populous country stakes a claim to the burgeoning sector. Junior minister Rajeev Chandrasekhar said the investment "will catalyze India's AI ecosystem and position it as a force shaping the future of AI for India and for the world". OpenAI chief executive Sam Altman …

What is IndiaAI Mission, announced by govt to ‘bolster’ country's AI ecosystem?
9 months, 2 weeks ago

What is IndiaAI Mission, announced by govt to ‘bolster’ country's AI ecosystem?

Hindustan Times  

The government on Thursday announced the national-level IndiaAI Mission with a budget outlay of ₹10,371.92 crore. Here is all you need to know about IndiaAI Mission: The IndiaAI Mission has various components, namely IndiaAI Compute Capacity, IndiaAI Innovation Centre, IndiaAI Datasets Platform, IndiaAI Application Development Initiative, IndiaAI FutureSkills, IndiaAI Startup Financing, and Safe & Trusted AI. Under IndiaAI Compute Capacity, …

Cabinet clears AI mission with ₹10,372 crore outlay
9 months, 2 weeks ago

Cabinet clears AI mission with ₹10,372 crore outlay

Hindustan Times  

The Cabinet on Thursday approved the national IndiaAI mission with a budget outlay of ₹10,371.92 crore in a major push for the country to become an artificial intelligence hub by developing large language models, building AI infrastructure and upskilling its workforce. The IndiaAI Mission aims to establish the country as a leader in AI through initiatives like developing computing infrastructure …

India Launches Rs 10,300 Crore AI Mission
9 months, 2 weeks ago

India Launches Rs 10,300 Crore AI Mission

Deccan Chronicle  

New Delhi: The Union Cabinet on Thursday cleared “India artificial intelligence or AI Mission” with an outlay of over Rs 10,300 crore for five years. After the Cabinet meeting Union minister Piyush Goyal told reporters that the Cabinet approved the India AI Mission with an outlay of Rs 10,372 crore for five years to encourage AI development in the country. …

Government approves IndiaAI Mission with outlay of Rs 10,372 crore: Here's everything you need to know
9 months, 2 weeks ago

Government approves IndiaAI Mission with outlay of Rs 10,372 crore: Here's everything you need to know

India TV News  

In order to encourage the development of artificial intelligence in India, the Union Cabinet on Thursday approved a national-level IndiaAI mission with a budget outlay of Rs 10,371.92 crore. As per the cabinet press note, “The IndiaAI mission will establish a comprehensive ecosystem catalysing AI innovation through strategic programs and partnerships across the public and private sectors”. The press note …

India’s AI market seen touching $17 billion by 2027: Report
10 months ago

India’s AI market seen touching $17 billion by 2027: Report

The Hindu  

February 21, 2024 10:16 am | Updated 12:24 pm IST - MUMBAI India’s artificial intelligence market is projected to touch $17 billion by 2027, growing at an annualised rate of 25-35% between 2024 and 2027, IT industry body Nasscom and consulting firm BCG said on Tuesday, citing a joint report studying AI-powered tech in the country. The growth is seen …

India's AI market to reach USD 17 billion by 2027: Nasscom
10 months ago

India's AI market to reach USD 17 billion by 2027: Nasscom

India TV News  

India’s artificial intelligence market is booming, and it is likely to grow at a 25 per cent compound annual growth rate to reach USD 17 billion by 2027, with similar growth in artificial intelligence investments. This growth has been fueled by multiple factors which include increasing enterprise tech spending, India’s growing AI talent base and a significant increase in AI …

India Needs 10 Lakh AI Experts, Says Rajanna
10 months, 1 week ago

India Needs 10 Lakh AI Experts, Says Rajanna

Deccan Chronicle  

Hyderabad: India needs 10 lakh people trained in artificial intelligence by 2026 and the technology industry is making significant investments in this, said V. Rajanna, president, of technology, services, and software, TCS. Delivering the keynote address at the annual event of Hyderabad Software Enterprises Association here on Wednesday, he said Hyderabad was a pioneer in launching digital citizen services in …

Union Budget and navigating the AI path
10 months, 3 weeks ago

Union Budget and navigating the AI path

Live Mint  

In the Union Budget for fiscal year 2023-24, finance minister Nirmala Sitharaman introduced the government's artificial intelligence plans, announcing three AI centres of excellence in top educational institutes. This initiative, aimed at realizing the 'Make AI in India' and 'Make AI Work for India' vision, was expected to see partnerships with industry leaders for interdisciplinary research and developing advanced applications …

How India's tryst with Artificial Intelligence will ensure its developed status by 2047
1 year ago

How India's tryst with Artificial Intelligence will ensure its developed status by 2047

Firstpost  

Under Prime Minister Modi’s tech-focused policies, India has shifted from being a follower to a leader. Hosting the Global Partnership on Artificial Intelligence summit and leading GPAI in 2024 marks a significant leap In 1956, when John McCarthy introduced the term “Artificial Intelligence”, the idea that the 21st century would become synonymous with AI dominance was beyond anyone’s imagination. The …

66% of CEOs in India find Gen AI top investment priority, says report
1 year, 1 month ago

66% of CEOs in India find Gen AI top investment priority, says report

Live Mint  

To ride on the wave of revolution brought by AI chatbots since 2022, more and more CEOs are willing to invest in generative AI for their companies, says KPMG's latest report. According to the report, 66 per cent of Indian company CEOs and 70 per cent of CEO of global firms are considering generative AI as their top investment priority …

India\'s AI Programme to Drive $1 Trillion Digital Economy by 2026: MoS Rajeev
1 year, 2 months ago

India\'s AI Programme to Drive $1 Trillion Digital Economy by 2026: MoS Rajeev

Deccan Chronicle  

NEW DELHI: The government is hopeful that India's artificial intelligence programme is likely to be a kinetic enabler for India to achieve the goal of a $1-trillion digital economy by 2026. “This is a deep, multi-year roadmap to make Indian AI work for being a kinetic enabler of the trillion dollar digital economy,” Chandrasekhar said. “Äpart from supporting the startup …

Data | India tops AI projects in GitHub
1 year, 4 months ago

Data | India tops AI projects in GitHub

The Hindu  

In 2022, software developers in India contributed to over 24% of AI related projects in GitHub, the most in the world, according to Stanford’s latest Artificial Intelligence Index Report. Journal publication share The chart shows the distribution of AI journal publications over the last 12 years, sorted by geographic region. In fact, all the top nine out of the ten …

Technology to contribute 20-25% of Indian GDP by 2025-26: IT Minister Chandrasekhar
1 year, 6 months ago

Technology to contribute 20-25% of Indian GDP by 2025-26: IT Minister Chandrasekhar

The Hindu  

The Indian Government has set a goal of making technology 20-25% of the country’s GDP by 2025, India’s IT Minister Rajeev Chandrasekhar has told Indian American entrepreneurs and asked them to be part of this story of India. “Over the last nine years, the digital economy has expanded, diversified and currently there isn’t a slice or space in the tech …

From threat to job to unleashing creativity, here’s what Indians think about AI
1 year, 6 months ago

From threat to job to unleashing creativity, here’s what Indians think about AI

Live Mint  

Amid the growing impact of Artificial Intelligence in nearly every domain, more than 74 per cent of Indians are worried that artificial intelligence will take their jobs in future, according to latest Microsoft report. The recent insight of the Microsoft Work Trend Index 2023 report reveals that 90 per cent of Indian leaders are of opinion that employees need to …

Make AI Work For India: What The Future Holds For Artificial Intelligence
1 year, 9 months ago

Make AI Work For India: What The Future Holds For Artificial Intelligence

ABP News  

As India stands at the threshold of leaving China behind to be the most populous country in the world, it now holds immense responsibility to decide the future of education, employment, and skill development of nearly one-fifth of the global population. Projects like Digital India BHASHINI and Digi Yatra can be the stepping-stone for large-scale AI implementation across all major …

3 centres of excellence for AI, 100 labs in engg colleges for developing 5G apps
1 year, 10 months ago

3 centres of excellence for AI, 100 labs in engg colleges for developing 5G apps

Deccan Chronicle  

NEW DELHI: Three centres of excellence for artificial intelligence in top educational institutions and 100 labs in engineering institutions for developing applications using 5G services will be set up, Union Finance Minister Nirmala Sitharaman announced on Wednesday. Re-envisioning teacher training through innovative pedagogy, curriculum transaction, continuous professional development, dipstick surveys, ICT implementation and a research and development grant for indigenous …

Union Budget 2023 AI Nirmala Sitharaman Artificial Intelligence Make India Work
1 year, 10 months ago

Union Budget 2023 AI Nirmala Sitharaman Artificial Intelligence Make India Work

ABP News  

Artificial Intelligence is slowly taking over the world, and it appears that India is wholeheartedly looking to tap into the sector, with plans to set up "centres of excellence" to develop AI technology. Sitharaman announced that in order to help realise the vision of "Make AI In India and Make AI work for India," three centres of excellence for artificial …

India’s AI market likely to see 20% growth over next five years: Report
2 years, 5 months ago

India’s AI market likely to see 20% growth over next five years: Report

Hindustan Times  

India’s artificial intelligence market is expected to witness a growth of 20% over the next five years, and the country is among the top three talent markets, producing 16% of the world’s AI talent pool, a joint study conducted by Microsoft and the Internet and Mobile Association of India has revealed. “Artificial intelligence is no longer a fringe technology for …

AI Adoption Could Add $500 Billion to India's GDP By 2025: Nasscom
2 years, 6 months ago

AI Adoption Could Add $500 Billion to India's GDP By 2025: Nasscom

News 18  

The adoption of artificial intelligence and data utilisation strategy can add $500 billion to India’s GDP by 2025, a new Nasscom report showed on Thursday. The AI adoption in four key sectors — BFSI, consumer packaged goods and retail, healthcare, and industrials/automotive — can contribute 60 per cent of the total $ 500 billion opportunities, according to “AI Adoption Index” …

Intel India sets up centre for artificial intelligence
4 years, 2 months ago

Intel India sets up centre for artificial intelligence

The Hindu  

Intel India said it had partnered IIIT Hyderabad, Public Health Foundation of India and the Telangana government to unveil a research centre to focus on leveraging artificial intelligence to solve India’s population-scale challenges in sectors such as healthcare and smart mobility. The applied AI research centre, INAI, here will act as a catalyst to accelerate India’s leadership in AI while …

AI in India Will Help Add Rs 37 Lakh Crore to Economy by 2025, Says NASSCOM Report
4 years, 4 months ago

AI in India Will Help Add Rs 37 Lakh Crore to Economy by 2025, Says NASSCOM Report

News 18  

NASSCOM, India’s premier IT governance body, has launched its annual report on artificial intelligence, titled ‘Unlocking Value from Data and AI: The India Opportunity’. NASSCOM’s AI report 2020 further states that other key benefits of AI include areas such as optimising logistics through traffic analysis, streamlining lending and financial services through data-based risk analysis, remote diagnostics and resource allocation in …

Investing in data, AI is crucial for country
4 years, 4 months ago

Investing in data, AI is crucial for country

Live Mint  

BENGALURU :India has the right ecosystem and an efficient talent pool to create millions of new-age jobs and drive a data and artificial intelligence revolution to become a global powerhouse, said top executives of Infosys Ltd and Wipro Ltd at a panel discussion organized by IT industry body Nasscom on Tuesday. “We have to identify a comprehensive plan for India’s …

Data, AI can add $450-500 bn to India’s GDP by 2025: Nasscom
4 years, 4 months ago

Data, AI can add $450-500 bn to India’s GDP by 2025: Nasscom

Live Mint  

New Delhi: Data and Artificial Intelligence could potentially add $450-500 billion to India’s gross domestic product by 2025 and drive India’s economic growth, said a report by industry body Nasscom. The report ‘Unlocking Value from Data and AI’ lays down an action plan that can help the country emerge stronger from the covid-19 crisis by taking co-ordinated action to enhance …

Half of Indian Workforce Will be Equipped With AI Skills in the Next 10 Years: Microsoft
4 years, 4 months ago

Half of Indian Workforce Will be Equipped With AI Skills in the Next 10 Years: Microsoft

News 18  

The organisations that have deployed Artificial Intelligence with skilling initiatives in India are generating most value from this new-age technology, and senior executives predict that half of all employees will be equipped with AI skills in the next 6-10 years, a new Microsoft survey said on Monday. In India, all AI-leading companies said they are actively building skills of their …

Increase in AI Adoption by One Unit Will Boost India's GDP by 2.5 Percent: Report
4 years, 4 months ago

Increase in AI Adoption by One Unit Will Boost India's GDP by 2.5 Percent: Report

News 18  

One unit increase in Artificial Intelligence intensity by Indian firms can result in a 2.5 per cent increase in the country's gross domestic product in the immediate term, a study by Google, IT industry body Nasscom and think tank ICRIER revealed on Monday. "This is a seminal report, estimating a 2.5 per cnet growth in India's GDP if India adopts …

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