India has invested a staggering $12 billion in research and development over the past five years, with a significant chunk of that going towards artificial intelligence (AI) initiatives. The IndiaAI Mission received a substantial allocation of $162 million, while startup funding saw an injection of $32 million. The National Quantum Mission contributed another $730 million to the cause.
Despite the challenges posed by compute scarcity and high costs, innovation in AI development has continued to thrive. One notable example is Sarvam AI’s SarvamM model, which boasts a massive 24 billion parameters and was fine-tuned for 10 Indian languages. In its first two days, it received an impressive 300 downloads.
The real story here, however, lies in the numbers. With nearly 19,000 GPUs at their disposal, developers have been able to train AI models on vast amounts of data – Pragna-1B, for instance, was trained on a staggering 40 billion tokens using balanced tokenization. The potential implications are enormous, and it will be fascinating to see how these investments pay off in the years to come.
BhikuMhatre
@MumbaichaDon
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Jun 10 Bharat’s very own AI assistant, Sarvam Samvaad. Speaks 11 languages! Powers biz with fast, human-like chats on WhatsApp, calls & more.
#Modi Sarkar has approved in March 2024 budget of ₹10,371.92 Crore to build comprehensive AI system.
Gaurav Munjal
@gauravmunjal
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Jun 27 $465B Investment in AI Globally. Less than $1B in India.
We are busy building Bhujia companies while others are dominating in AI.
Shivaji Raje
@iamraje
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Jun 28 1/6 Indian startups are going all-in on AI! A Meta & Alvarez & Marsal report shows over 70% of high-growth startups are integrating AI into core functions, slashing Cost-Per-Acquisition (CPA) by 30%. #TheAICompass #AIinIndia
Exencial Research Partners
@exencial_RP
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Jul 1 Govt spending on AI makes India a draw for cloud firms
· The Indian government has procured over 34,000 GPUs, primarily through the $1.2 billion India AI Mission, aiming to build a robust AI compute backbone and attract cloud infrastructure providers.
· Indian firms like
Himanta Biswa Sarma
@himantabiswa
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Jun 23 India pulls ahead in AI race with $10 billion in cross-border investments, tops Asia: Moody’s report
https://fortuneindia.com/technology/india-pulls-ahead-in-ai-race-with-10-billion-in-cross-border-investments-tops-asia-moodys-report/124273#google_vignette… via NaMo App
The Artificial Intelligence Techie
@TheAItechie
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Jun 30 India’s $1.2B AI Mission is fueling a massive boom for local cloud giants like Reliance Jio, Tata Communications, and Yotta Data Services!
The government’s push for a powerful AI compute backbone is driving huge demand for GPUs key to supercharging AI innovation.
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