‘India AI budget falls short of needs’

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India will need to rethink data accessibility, and pump in more money to achieve its AI aspirations, Stephen Ezell, vice-president of Global Innovation Policy at the Information Technology and Innovation Foundation (ITIF) think- tank told ET. Washington DC-based Ezell said that while AI adoption would cause ‘churn, shift and change’, it also holds the potential to create 2.3 million new jobs in India by 2030 and add about $1.2–1.5 trillion to its economy.

While India has overcome the historic lack of a concerted national AI strategy and…



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‘India AI budget falls short of needs’



India will need to rethink data accessibility, and pump in more money to achieve its AI aspirations, Stephen Ezell, vice-president of Global Innovation Policy at the Information Technology and Innovation Foundation (ITIF) think- tank told ET. Washington DC-based Ezell said that while AI adoption would cause ‘churn, shift and change’, it also holds the potential to create 2.3 million new jobs in India by 2030 and add about $1.2–1.5 trillion to its economy.

While India has overcome the historic lack of a concerted national AI strategy and…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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