AI Centres Allocated 30.91M USD [Interim Budget 2024-25]

In a significant move to bolster India’s position as a global leader in artificial intelligence. The Interim Budget of 2024-25 has three AI centres allocated 30.91M USD (INR 255 Cr).

The establishment of these Artificial Intelligence Centres of Excellence (CoE) are pivotal to the ‘Make AI for India’ and ‘Make AI Work for India’ initiatives.

These aim to foster business partnerships, support AI training & generate a skilled AI workforce. It also underscores the nation’s commitment to driving innovation & advancing AI technologies.

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What are AI Centres of Excellence?

Artificial Intelligence Centres of Excellence (CoEs) are specialised institutions. Designed to drive the development, adoption & implementation of AI technologies.

These serve as hubs for innovation, research, training & collaboration. Aiming to accelerate the growth & integration of AI across various sectors.

The table below gives an in-depth look at it.

Aspects of AI Centres of Excellence

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AI Centres Allocated 30.91M USD: Implications on the Indian EdTech Sector

Implications on the Indian EdTech Sector

AI Centres of Excellence are instrumental in advancing the field of artificial intelligence. These play a pivotal role in driving AI innovation and its application across various sectors. By focusing on research, training, collaboration & ethical standards.

Their contributions not only enhance tech capabilities. But also have significant economic & societal impacts.

The allocation of USD 30.91 million to establish 3 AI Centres of Excellence will transform the Indian edtech sector. These will enhance AI integration in education. Ultimately developing a skilled AI workforce alongside fostering innovation.

This investment will encourage business partnerships, improve access to quality education & drive research in AI applications for learning.

Source: Invest India.

Nikhil Dutt

Nikhil, a seasoned writer, excels in content ranging from long-form content, ad copies, UX microcopies & scripts. With an in-depth understanding of social media algorithms, he's driven notable growth across platforms. Proficient in SEO & SMO, he champions holistic content creation with a mission to elevate businesses through powerful storytelling. Although an IT graduate, his writing passion defines him, making him a diverse professional. Outside work, Nikhil enjoys reading, journaling, and exploring new places. Volunteering as a Life & Relationship Coach, he's committed to helping individuals foster more joyful lives and relationships.

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