Business Today

'Good funding can help us catch up with advanced AI world'

Artificial intelligence (AI) is disrupting life and work, prompting governments and policymakers to take note of its potential and formulate ways to harness its power for greater common good. Last August, the Centre set up a task force to explore the possibilities of using AI for India's economic transformation. The 18 member task force, headed by V. Kamakoti, Professor at the Department of Computer Sciences, IIT Madras, has been asked to come up with suggestions to drive development in AI research, development and applications. The first report submitted by the panel was released recently. K.T.P. Radhika spoke to V. Kamakoti on the task force, its mission, and AI in India. Edited excerpts:

What was the modus operandi of the AI taskforce?

A: We identified 10 domains ranging from manufacturing, healthcare, agriculture and food processing to environment and national security which are core to the development of the country. Then we found out the challenges in implementing AI in each of them. We also

You’re reading a preview, subscribe to read more.

More from Business Today

Business Today5 min readFinance & Money Management
From Strength To Strength
FOR 63-YEAR-OLD Sandeep Bakhshi, the Managing Director and Chief Executive Officer who turned ICICI Bank around, there are some basic rules of banking: seize current market opportunities, optimise capital, and strike a balance between risk-return met
Business Today1 min read
A New Beginning
THE ESTIMATED SIZE OF THE INDIAN ECONOMY BY 2047 GDP GROWTH IN FY24 AS PER THE SECOND ADVANCE ESTIMATES OF THE NSO HELD ALONG WITH WORKSHOPS FOR CONSULTATIONS ON THE VIKSIT BHARAT, OR DEVELOPED INDIA, ROAD MAP NUMBER OF YOUTH FROM WHOM SUGGESTIONS WE
Business Today4 min read
A Small Bank With A Big Roar
UJJIVAN SMALL FINANCE BANK, although a new entrant in the banking space—being in business only since 2017—has already made a name for itself. Having already attained significant scale in just seven years, the Bengaluru-based small finance bank (SFB)

Related Books & Audiobooks