Eight local firms may get IndiaAI foundational AI models incentives

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The government has selected close to eight homegrown firms building artificial intelligence (AI) foundational models to extend incentives under the IndiaAI Mission, people aware of the development told ET.

Union IT and electronics minister Ashwini Vaishnaw is expected to announce the beneficiaries selected in the second round of screening next week.

BharatGen, a consortium of IIT researchers anchored by IIT Bombay and supported by the Department of Science and Technology, is expected to receive the nod in this round, sources said.

In January this year,…



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Eight local firms may get IndiaAI foundational AI models incentives


The government has selected close to eight homegrown firms building artificial intelligence (AI) foundational models to extend incentives under the IndiaAI Mission, people aware of the development told ET.

Union IT and electronics minister Ashwini Vaishnaw is expected to announce the beneficiaries selected in the second round of screening next week.

BharatGen, a consortium of IIT researchers anchored by IIT Bombay and supported by the Department of Science and Technology, is expected to receive the nod in this round, sources said.

In January this year,…



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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