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Centre to support, fund Indian AI startups: MoS Rajeev Chandrasekhar
Inc42
·
1y ago
Medial
The Indian government plans to provide funding and support for artificial intelligence (AI) startups, according to Minister of State for Information Technology, Rajeev Chandrasekhar. The government aims to create a framework similar to the semiconductor industry to incentivize investments and nurture the AI ecosystem, with both private sector and public sector initiatives. Chandrasekhar also emphasized the need for a global regulatory framework for AI and highlighted the potential of AI to drive India's digital economy in sectors like healthcare, agriculture, and governance.
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India to soon launch Future Labs programme: MoS IT Rajeev Chandrasekhar
Economic Times
·
1y ago
Medial
The Indian government plans to launch a Digital India Future Labs program in partnership with government labs, startups, and large enterprises in the electronics sector, according to Minister of State for Electronics and IT, Rajeev Chandrasekhar. Additionally, an India Semiconductor Research Centre is also being established. Chandrasekhar emphasized the need for design innovation in semiconductors and hinted at upcoming announcements in this area. The government has received several high-quality proposals for fabricating facilities and outsourced semiconductor assembly and test proposals, demonstrating India's growing semiconductor and electronics ecosystem.
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India to develop its own foundational models: MoS IT Rajeev Chandrasekhar
Economic Times
·
1y ago
Medial
India's Minister of State for Electronics and IT, Rajeev Chandrasekhar, announced that India is planning to develop its own foundational models for artificial intelligence (AI) in response to the rise of AI models like OpenAI's ChatGPT and Google's Gemini. These models will be India-centric, focusing on areas such as healthcare, agriculture, education, and governance. Chandrasekhar also emphasized the importance of data in AI projects and mentioned that non-personal data collection platforms will be made available for Indian startups and companies. The government has allocated Rs 2,000 crore for startup financing in AI.
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Govt's AI advisory will not apply to startups: MoS IT Rajeev Chandrasekhar
Economic Times
·
1y ago
Medial
Minister of State for Electronics and Information Technology, Rajeev Chandrasekhar, stated that the government's advisory on large language models will not affect startups, but only significant platforms. This comes after concerns were raised by AI startups regarding the need for permission before launching new AI models. Chandrasekhar clarified that the advisory is targeted at untested AI platforms to ensure user protection and is not intended to hinder innovation. The advisory requires intermediaries and platforms to prevent the hosting or sharing of unlawful content through AI models.
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Ambition to grow AI, startup innovations as important as AI safety: MoS IT Rajeev Chandrasekhar
Economic Times
·
1y ago
Medial
Union Minister Rajeev Chandrasekhar emphasized that artificial intelligence (AI) safety is as vital as fostering AI innovation and a startup ecosystem in India. He stated this at the AI Safety Summit 2023 in the UK. He believes that India should focus on both AI safety and the growth of AI and startups, as it's not a binary choice. Chandrasekhar highlighted the need for global cooperation in building AI safety standards and methodologies and mentioned that these discussions would take place at the Global Partnership of Artificial Intelligence (GPAI) 2023 in India.
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Gemini Row: MoS IT Slams Google; Startups Raise Concern Over MeitY Advisory On AI
Inc42
·
1y ago
Medial
The Minister of State for Electronics and Information Technology, Rajeev Chandrasekhar, expressed dissatisfaction with Google's response to the controversy surrounding its AI chatbot. The chatbot came under scrutiny for its answer to a question about Prime Minister Narendra Modi, which was viewed as violating the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021. Chandrasekhar emphasized that "unreliable" platforms and algorithms cannot be used to experiment on citizens. Subsequently, the Ministry of Electronics and Information Technology issued an advisory mandating digital platforms to seek prior approval before launching AI products. Chandrasekhar clarified that the advisory only applies to larger companies, not startups.
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Correct: MoS IT on Vembu's 'Indian firms must retain talent' remark
Twitter
·
1y ago
Medial
Zoho CEO Sridhar Vembu said Indian companies need to invest in creating, nurturing and retaining talent as in coming decades, Japan, South Korea and Taiwan will all accelerate import of talent. Minister of State for IT Rajeev Chandrasekhar replied saying, "This is...absolutely correct reading of technology's future." "In technology [sector]...we're focussed on talent building," Chandrasekhar said.
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Digital nagriks not to be experimented on with 'unreliable' models, algorithms: MoS IT warns Google
Economic Times
·
1y ago
Medial
Union Minister Rajeev Chandrasekhar has warned Google that explanations about the unreliability of AI models do not exempt them from legal obligations. This came after Google faced criticism over its AI tool Gemini's biased response to a question about Indian Prime Minister Narendra Modi. Chandrasekhar emphasized that the safety and trustworthiness of platforms are essential and that Indian digital citizens should not be experimented on with unreliable platforms. Google responded by acknowledging the issue and stating that Gemini may not always be reliable, particularly when responding to certain current events and political topics.
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Google apologised to govt over Gemini's reply on PM Modi: MoS IT Rajeev Chandrasekhar
Economic Times
·
1y ago
Medial
Google has issued an apology to the Indian government regarding its artificial intelligence (AI) platform, Gemini, for providing biased and objectionable responses to a query about Prime Minister Narendra Modi. The minister of state for IT & Electronics, Rajeev Chandrasekhar, revealed that Google admitted Gemini's unreliability in their response to a notice from the government. Chandrasekhar criticized AI platforms like Gemini for providing untested and biased results to users, calling for stricter regulations to prevent such occurrences. Additionally, Sundar Pichai, CEO of Alphabet, Google's parent company, faces uncertainty over his position amid the controversy surrounding Gemini.
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Digital economy to contribute 20% of India's GDP by 2026: MoS IT Rajeev Chandrasekhar
Economic Times
·
1y ago
Medial
According to Union Minister Rajeev Chandrasekhar, the digital economy is expected to contribute 20% of India's GDP by 2026. He mentioned that the digital economy has already grown from 4.5% to 11% of the GDP since 2014. India has transformed from being a consumer of technology to a producer of devices, products, and platforms for the world. Chandrasekhar believes that the next decade will be full of opportunities for startups and innovation in India.
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Startups in India to grow tenfold in next 4-5 years: Union MoS Rajeev Chandrasekhar
Money Control
·
1y ago
Medial
According to Union Minister Rajeev Chandrasekhar, startups in India are expected to grow tenfold in the next four to five years. The government aims to create a supportive ecosystem for startups, including access to capital, skilled talent, and regulatory reforms. The focus will be on sectors such as agritech, healthtech, edtech, and fintech, which have witnessed significant growth and innovation in recent years.
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