Budget 2023 Tech Announcements: Centers for Excellence in AI, 5G labs and more
The Budget for 2023-24 was just presented in the Lok Sabha by the Finance Minister Nirmala Sitharaman where she announced important reforms and initiatives in various technology-related fields. One of the most rapidly growing fields that has the potential to revolutionize the way we live and work is Artificial Intelligence (AI). AI can be helpful in a number of ways, such as its ability to automate repetitive tasks, thus freeing up time for humans to pursue more important innovative tasks.
To promote study and innovation in the field of AI, the Finance Minister announced that 3 Centers of Excellence for Artificial Intelligence will be set up in top institutions across the country. It will galvanize an effective AI ecosystem and nurture quality human resources in the field. “Leading industry players will partner in conducting interdisciplinary research, developing cutting edge applications and scalable problem solutions in the areas of agriculture, health, sustainable cities," she said.
“FM has acknowledged and rightly set the agenda for a ‘Tech and Knowledge-driven' India. The move to set up three centres of excellence for AI will be very effective, as it will further boost Innovation for new products/services, and acceptance of new technologies. Pradhan Mantri Kaushal Vikash Yojana, will go a long way to skill youth on jobs relating to AI, coding, robotics, Industry 4.0, and other new technologies thus providing a solution to current talent crunch in the country. Make AI in India initiative will also boost startups in India working with AI and will encourage more investors to accept and adopt the new technology,” said Sumit Chanda, Founder and CEO, JARVIS Invest, AI-based investment advisory platform.
Moreover, the 5G
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