3 CoEs To Help India Position Itself As A Global Powerhouse In AI
It is heartening to see introduction of COEs for Artificial Intelligence in education, industry leaders said on Sunday
3 CoEs To Help India Position Itself As A Global Powerhouse In AI
New Delhi: With artificial intelligence (AI) becoming an essential tool for a tech powered economy, it is heartening to see the introduction of Centres of Excellence (COE) for Artificial Intelligence in education, industry leaders said on Sunday.
Aligning with India's broader vision to become a global AI hub, Finance Minister Nirmala Sitharaman has announced the creation of three Centres of Excellence (CoEs) in AI for education with a budget allocation of Rs 500 crore.
“To position India as a leader in the global AI race, it is imperative to prioritise investment in STEM talent. We also have the digital infrastructure, and the talent pool required to cultivate a thriving startup ecosystem capable of propelling innovation,” said Aparna Iyer, CFO, Wipro Limited.
To unleash this potential, it is also important to offer financial support and streamline the process of conducting business to bolster the startup community. The Fund of Funds for Startups (FFS) will provide the impetus to boost this ecosystem, she mentioned.
According to Atul Soneja, Chief Operating Officer, Tech Mahindra, the Budget's forward-looking focus on deep-tech innovations like AI, global capability centres (GCCs), and future-ready talent underscores a strong commitment towards “Viksit Bharat.”
“The other initiatives like Deeptech Fund of Funds and 10,000 fellowships for tech research, 5 National CoEs and a CoE for AI in Education, reiterate our commitment to developing an ecosystem for next-gen tech,” he noted.
According to the government, these new AI Centres of Excellence will work on advanced research, the development of AI learning tools, and foster collaboration between educational institutions and industries. The goal is to equip students with the skills they need to thrive in the future.
Chocko Valliappa, Founder and CEO of Vee Technologies, said the Finance Minister’s announcement for setting up a Centre for Excellence in AI for the education sector deserves to be raised to create novel technologies for the rapid reskilling of manpower that may find itself out of jobs due to the integration of AI in various workplaces.
