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.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteMITMIT Technology Leadership and InnovationVisitIIM KozhikodeIIMK Advanced Data Science For ManagersVisitIIM LucknowIIML Executive Programme in FinTech, Banking & Applied Risk ManagementVisit”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 ‘The New Bharat’ 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.Discover the stories of your interestBlockchain5 StoriesCyber-safety7 StoriesFintech9 StoriesE-comm9 StoriesML8 StoriesEdtech6 Stories”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.
