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IndiaAI launches innovation challenge to fuel AI solutions in key sectors
YourStory
·
10m ago
Medial
IndiaAI has launched the IndiaAI Innovation Challenge to accelerate the creation, deployment, and adoption of AI applications in India. The challenge is open to startups, non-profits, students, academic institutions, research organizations, and established companies. Winners will receive up to Rs 1 crore and have the opportunity to implement their solutions on a national scale. The application deadline is September 30, 2024. Key focus areas include healthcare, governance, agriculture, assistive technology, climate change, and disaster management. IndiaAI aims to democratize the benefits of AI, enhance India's global leadership, promote self-reliance, and ensure ethical use of AI.
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Risk Of Not Investing In AI Is Greater Than Investing In AI: CEO, IndiaAI Mission
Inc42
·
9m ago
Medial
IndiaAI Mission, under the Ministry of Electronics and Information Technology (MeitY), has introduced the IndiaAI Innovation Challenge. The challenge is open to a wide spectrum of Indian innovators, including students and startups. The winners of the competition will be awarded up to INR 1 Cr. The challenge is part of the broader IndiaAI Mission's vision, which focuses on promoting practical solutions for governance and education in the AI ecosystem, providing support for computing resources, datasets, and startup financing. Additional problem statements will be announced in the near future for entrepreneurs to participate.
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Centre Invites Applications From Startups To Build AI Solutions
Inc42
·
10m ago
Medial
The Indian government has launched a competition called AI Solution Challenge to boost the development of artificial intelligence (AI) solutions in key sectors including healthcare, agriculture, governance, and climate change. The winning team will receive an award of up to INR 1 crore (Indian Rupees) and a four-year contract to deploy their solution in government departments. The initiative is part of the IndiaAI Mission, which has received an INR 10,372 crore budget allocation earlier this year.
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Lok Sabha debate recordings to be available on IndiaAI datasets platform: IT minister Ashwini Vaishnaw
Economic Times
·
4m ago
Medial
India's IT minister Ashwini Vaishnaw announced that Lok Sabha debate recordings will be accessible to researchers via the IndiaAI Datasets Platform. An agreement between the IndiaAI Mission and Lok Sabha aims to enhance public sector data access for AI readiness. The platform, a key component of the IndiaAI Mission, integrates datasets and AI-centric features. Launched as AIKosha, it offers a secure repository, AI sandbox capabilities, and tools to foster AI innovation.
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Microsoft, Yotta join hands to drive AI innovation in India
Economic Times
·
2m ago
Medial
Microsoft and Yotta Data Services have teamed up to boost AI adoption in India. Microsoft will integrate Azure AI services with Yotta's Shakti Cloud to provide advanced AI capabilities. This partnership supports the IndiaAI Mission's goal to foster AI innovation by engaging with government bodies, IITs, startups, and enterprises. It aims to enhance local AI capabilities, expedite AI model development, and support critical sectors like agriculture, healthcare, and finance with advanced AI solutions.
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Startup Mahakumbh launches Rs 30 Cr Startup Maha Rathi challenge to empower Indian entrepreneurs
YourStory
·
5m ago
Medial
The Department for Promotion of Industry and Internal Trade (DPIIT), alongside various partners, has launched the Rs 30 crore Startup Maha Rathi challenge as part of Startup Mahakumbh. This initiative aims to empower Indian entrepreneurs by providing funding, mentorship, and strategic guidance across 11 key sectors to align with India’s long-term vision of Viksit Bharat 2047. Selected startups will gain exposure to global investors and markets, encouraging innovation and strengthening India's leadership in entrepreneurship.
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Behind the term sheets: Prime, Lightspeed, Together, and pi Ventures take on the AI ‘hype vs real’ debate at ET Soonicorns Summit 2025 - The Economic Times
Economic Times
·
1m ago
Medial
The ET Soonicorns Summit 2025 in Bengaluru will focus on AI investments in India, spotlighting the debate between foundational and applied AI solutions. Key venture capitalists, including representatives from Prime, Lightspeed, and pi Ventures, will discuss whether current investments fuel genuine AI innovation or chase hype. India's AI sector faces a funding decrease, but deal numbers have risen, indicating robust interest. The summit seeks to guide strategic investment in AI startups aiming for global competitiveness.
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India's next AI wave to be driven by inclusive, monetisable solutions, say experts - The Economic Times
Economic Times
·
1d ago
Medial
Experts at an IIM Calcutta Innovation Park event highlighted India’s potential to lead in AI through affordable and impactful applications across key sectors like logistics, agriculture, and education. By focusing on scalable, inclusive solutions, startups can seize the AI opportunity. The collaboration with Google aims to provide early-stage startups with practical training in generative AI tools and connects them with technical and investment support to drive sustainable development and innovation.
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MeitY To Host Global IndiaAI Summit With Eye On Ethical And Inclusive AI Growth
Inc42
·
1y ago
Medial
The Global IndiaAI Summit 2024 will bring together AI experts from various sectors to discuss important issues and challenges in the field. The summit will focus on advancing AI development in areas such as compute capacity, foundational models, datasets, application development, future skills, startup financing, and safe AI. The goal is to position India as a global leader in AI innovation, ensuring equal access to its benefits and promoting socio-economic development throughout the country.
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India to invest AI Rs 10K Cr on AI mission, boost AI innovation and adoption
YourStory
·
2m ago
Medial
The Indian government has launched the IndiaAI Mission with a budget of Rs 10,372 crore to boost the country's AI capabilities. Managed by the Ministry of Electronics and IT, the initiative aims to enhance AI infrastructure with over 10,000 GPUs and establish IndiaAI Innovation Centres for creating indigenous AI applications. It also plans to support AI startups and develop a national ‘FutureSkills’ program to upskill the workforce, addressing the AI ecosystem's limitations and fostering innovation.
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AI Mission GPU L1 bidders set to get workloads assigned by April second week
Economic Times
·
4m ago
Medial
Reliance Jio, E2E, NxtGen, Locuz, and CtrlS, as the lowest bidders in IndiaAI Mission's GPU tender, will receive AI workloads by April. The bid resulted in 14,517 GPUs offered against a target of 10,000. IndiaAI plans to continually update the tender process to adjust pricing and involve more companies. Nvidia's H100 GPUs form the majority, with E2E and Yotta leading. IndiaAI has also shortlisted 30 AI solutions for further development.
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