MeitY To Host Global IndiaAI Summit With Eye On Ethical And Inclusive AI Growth

The Ministry of Electronics and Information Technology will be hosting the Global IndiaAI Summit in New Delhi on July 3-4 to promote collaboration and knowledge exchange, while highlighting the country’s commitment to the ethical and inclusive growth of AI technologies.

The summit will provide a platform for international AI experts across science, industry, civil society, governments, international organisations and academia to share insights on key AI issues and challenges, MeitY said in a statement.  

It will focus on advancing AI development in key areas including compute capacity, foundational models, datasets, application development, future skills, startup financing, and safe AI.

The Global IndiaAI Summit 2024 aims to position India as a global leader in AI innovation, ensuring equitable access to AI benefits and fostering socio-economic development across the nation.

Besides, India will host member countries and experts to further Global Partnership on Artificial Intelligence (GPAI’s) commitment to safe, secure, and trustworthy AI.

This comes a month after the Centre reviewed the progress of the INR 10,372 Cr India AI Mission to work out various details of the programme.

In May, S Krishnan, secretary of MeitY, said that the Centre is planning to regulate AI in a way that does not deter innovation in the space. 

The IndiaAI Mission aims to build an ecosystem fostering AI innovation through democratizing computing access, enhancing data quality, developing indigenous AI capabilities, attracting top talent, enabling industry collaboration, providing startup capital, and promoting ethical AI. These pillars drive responsible and inclusive growth within India’s AI ecosystem.

The IndiaAI Mission comprises the following pillars:

• IndiaAI Compute Capacity: It envisions building a cutting-edge, scalable AI computing infrastructure by deploying more than 10,000 Graphics Processing Units (GPUs) through PPP model
• IndiaAI Innovation Centre (IAIC): With this, the Centre is looking to create a leading academic institution to retain top research talent, develop and deploy indigenous large multimodal models (LMMs) and domain-specific models
• IndiaAI Datasets Platform: This platform will be developed by IndiaAI’s independent business division (IBD) and will look to enhance accessibility, quality, and utility of public sector datasets
• IndiaAI FutureSkills: This program will focus on expanding the accessibility of graduate and post-graduate AI programs as well establishing AI Labs to impart foundational-level courses in the domain

This aligns with a time of rapid AI adoption by companies and growing investor interest in AI startups.

In June, audio streaming platform Pocket FM partnered with US-based GenAI platform ElevenLabs to enable writers to convert their text stories into audio series.

In the same month, Maxim AI raised $3 Mn (around INR 25 Cr) in a seed funding round led by Elevation Capital.

GenAI-powered product photography startup Ayna raised $1.5 Mn (about INR 12.5 Cr) to expand its AI capabilities and scale its team.