Union Cabinet approves IndiaAI Mission with 10,372 crore outlay: How it could help private players.

Syllabus: GS-III, Subject: Science and technology, Topic: Emerging technology, Issue: IndiaAI Mission

Context: Recently the Union Cabinet approved the IndiaAI Mission

• Objective: Establish over 10,000 graphics processing units (GPUs) and develop models with 100 billion parameters, focusing on priority sectors.
• Implemented through Public Private Partnership with 50% viability gap funding, prioritizing advanced GPUs.
• Creation of IndiaAI Innovation Research Centre for AI-focused education.
• Aligns with India’s electronics manufacturing strategy and global AI trends.

Related Concepts:

Viability Gap Funding (VGF) is a scheme that provides financial support for infrastructure projects that are economically justified but not commercially viable.

Source: Indian Express