Syllabus: GS-III Subject: Current Affairs Topic: Schemes/Policies/Programmes. Issue: Artificial Intelligence
Context:
The Union Cabinet approved the India AI Mission.
- Artificial intelligence (AI) refers to the simulation or approximation of human intelligence in machines.
India AI Mission:
- Aim to establish the computing powers of AI within the country.
- The government will allocate funds towards
- Subsidising private companies looking to set up AI compute capacity in the country
- Allocate seed funding for AI start-ups.
- Set up the IndiaAI Innovation Research Centre and an IndiaAI Datasets Platform.
- The implementation will be done through a public-private partnership model with 50 per cent viability gap funding.
Related Concepts:
| Seed funding is the funding for a startup when it is at the seedling stage i.e., inception, ideation, or the beginning stage.
Viability gap funding: Typically offered by the government as a grant to support infrastructure projects that are economically justified but struggle to be financially viable on their own. |
