Artificial Intelligence: India’s Potential To Be A World Leader In AI

October 13, 2020 | Artificial Intelligence, News
https://dailyalts.com/wp-content/uploads/2020/10/taj-mahal-1030894_640.jpg

Intel unveils an AI research center in India.

Intel India has joined hands with IIIT Hyderabad, Public Health Foundation of India, and the Telangana government for the establishment of an AI Research Centre. The establishment will leverage artificial intelligence to address challenges facing the nation in healthcare, smart mobility, and other sectors. (The Hindu)

The research center has been dubbed INAI.

INAI as catalyst

Intel said the INAI center would act as a catalyst to accelerate India’s leadership in AI. It would also act as a magnet for global talent interested in conducting high-impact AI research on social sector development.

Nivruti Rai, country head, Intel India and vice president, Data Platforms Group, Intel Corporation (NASDAQ: INTC) said that the country had unique strengths of talent, technology, data, and the potential for “population-scale AI adoption.”

“This country has tremendous opportunity to lead human-centric applications and democratize AI for the world,” she said.

The U.S. accounts for 16% of the global AI talent, followed by China (9%) and India (8%).

“Our goal is to make this 8% grow to 16% to 32%… because that’s the need of the hour.”

Google Research India

According to Analytics Insight, Google (NASDAQ: GOOGL) has developed Google Research India – an AI lab in Bangalore.

The objective of this establishment is to advance fundamental computer science and AI research. Secondly, it will apply this research to the solution of problems in medical care, agribusiness, and education.

RAISE Summit

India’s Ministry of Electronics and IT and the NITI Aayog organized the virtual summit, RAISE 2020 (Responsible AI for Social Empowerment 2020) from 5th-9th October.

Speaking at the summit, Tata Sons chairman N Chandrasekaran said: “India clearly has the potential to become the AI capital of the world. We are in a sweet spot where we have the talent and a kind of complexity that only AI can solve.”

“As the world’s largest democracy and as a place where data is getting created at such a high volume and where there are many problems, all of which can be solved through AI, I think we should seize the opportunity to lead this globally. We should not lose the momentum, but we should quickly get into execution.”

Tata Sons is the holding company of India’s Tata Group.

The combined market cap of Tata companies was $160 billion as of March 31, 2019.

Related Story:   China’s Frightening, Orwellian Use Of AI

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Shape

Latest Alternative Investment News

https://dailyalts.com/wp-content/uploads/2020/10/paperwork-1054423_640.jpg
FinTech: Home Loans Get Quicker And Easier With Google’s Lending DocAI
October 20, 2020     FinTech, News, Real Estate

Banks and mortgage brokers have to grapple with the hundreds of pages of paperwork for every home loan. Apart from being very time consuming, the highly manual process adds heavily…

https://dailyalts.com/wp-content/uploads/2020/10/nature-3092017_640.jpg
Alternative Investments/ESG: How To See Through The “Ethical Veneer” (Bancroft Wealth)

Keir Ashman, pensions and investments specialist at Bancroft Wealth, points to the increasing demand for sustainable investments and says investors should be discerning in the choices if they want both…

https://dailyalts.com/wp-content/uploads/2020/10/Apple-Entrepreneur-Camp-Screenshot.jpg
Venture Capital: Apple Invites Applications From Black Founders and Developers For Its Entrepreneur Camp
October 20, 2020     News, Venture Capital

In a notice on Monday, Apple (NASDAQ: AAPL) said applications were open from Black founders and developers for its Apple Entrepreneur Camp to be held online from February 16-25, 2021.

https://dailyalts.com/wp-content/uploads/2020/10/Ekom13FWMAAxmQv-feminine-coalition.jpg
Digital Assets: Feminist Anti-Police Movement In Nigeria Uses Bitcoin For Funding
October 20, 2020     Digital Assets, News

The Feminist Coalition Group is a group of Nigerian women working towards the aim of feminine equality in terms of rights, finances, and political and legislative power. The movement has…