India to Host Global India AI Summit 2024 in New Delhi

338
02 Jul 2024
4 min read

News Synopsis

India is set to host the 'Global IndiaAI Summit 2024' in New Delhi on July 3-4, organized by the Ministry of Electronics and Information Technology. This summit aims to convene international AI experts to foster collaboration and knowledge exchange, highlighting India's commitment to ethical and inclusive AI development.

Objectives and Stakeholders

The Ministry of Electronics and IT announced that the 'Global IndiaAI Summit 2024' will gather stakeholders from diverse sectors such as science, industry, civil society, governments, international organizations, and academia. These experts will discuss crucial AI issues, share insights, and address challenges within the AI ecosystem.

India's Leadership in AI

India hopes to further establish itself as a prominent figure in the international AI community by organizing this event. It focuses on developing technologies that are advantageous to society, safe, and secure.

In order to strengthen the Global Partnership on Artificial Intelligence's (GPAI) dedication to reliable AI practices, India, as lead chair of the organization, would extend a warm welcome to member nations and specialists.

Showcasing India's AI Capabilities

At the summit, India's strengths in AI will be on display, with a focus on the nation's socioeconomic development and the objective of ensuring that everyone can benefit from AI. At the heart of this effort is the IndiaAI Mission, aimed at building a comprehensive ecosystem that fosters AI innovation across the country.

Key Initiatives of IndiaAI Mission

  1. IndiaAI Compute Capacity: Establishing public-private collaborations to build an ecosystem of scalable AI computing that includes over 10,000 GPUs and an AI marketplace that provides pre-trained models and AI as a service.

  2. IndiaAI Innovation Centre: Developing large multimodal models (LMMs) and domain-specific foundational models tailored to India's industries.

  3. IndiaAI Datasets Platform: Streamlining access to high-quality non-personal datasets for startups and researchers.

  4. IndiaAI Application Development Initiative: Promoting AI applications across critical sectors to drive socio-economic transformation.

  5. IndiaAI FutureSkills: Increasing accessibility to AI education and establishing Data and AI Labs in Tier 2 and Tier 3 cities to nurture skilled professionals.

  6. IndiaAI Startup Financing: Supporting deep-tech AI startups with streamlined access to funding and risk capital.

  7. Safe & Trusted AI: Emphasizing responsible AI development through ethical practices and indigenous frameworks.

Impact of the Global IndiaAI Summit

The Global IndiaAI Summit 2024 marks a significant milestone in India's AI journey, showcasing its dedication to fostering innovation and ensuring AI advancements benefit society. This meeting will be very important in determining how AI develops both domestically and internationally as India builds its AI ecosystem.

Podcast

TWN Special