A sum of ₹10,372 crore has been allocated by the Government of India for IndiaAI Mission that was launched recently under the aegis of Ministry of Electronics and Information Technology.
The fund has been allocated for setting up the computing capacity of up to 10,000 graphic processing units as well as developing AI applications for critical sectors. Blockchain technology is set to revolutionise areas like finance, supply chain, and government services by providing secure and transparent transaction systems, said STPI Director Sanjay Tyagi in Mysuru on Friday.
The Internet of Things (IoT) will further integrate smart devices into everyday life, driving advancements in smart cities, healthcare, and agriculture. Additionally, 5G technology will offer faster and more reliable connectivity, facilitating the growth of advanced applications in remote areas.