India announces $1.2 bln investment in AI projects
- India on Thursday approved a 103 billion rupee ($1.25 billion) investment in artificial intelligence projects, including to develop computing infrastructure and for the development of large language models, the government said.
- The money will also be used for funding AI startups, as well as developing AI applications for the public sector, the government said in a statement.
- India’s artificial intelligence market is projected to touch $17 billion by 2027, growing at an annualised rate of 25%-35% between 2024 and 2027, according to IT industry body Nasscom.
