There is talk of AI everywhere and every big company is investing crores of rupees in AI. Betting ‘big’ on India’s AI capability, billionaire Mukesh Ambani has also announced that Jio, along with Reliance Industries, will invest Rs 10 lakh crore in Artificial Intelligence in the next seven years.
Reliance’s chairman said at the AI India Impact Summit that this is not a speculative investment. India will emerge as one of the world’s largest AI powers in the 21st century. In the coming decades, no country in the world can compete with India’s strength in demography, democracy, development, digital infrastructure, data generation, AI harvest.
He said, India is the world’s largest mobile data consumer. Mukesh Ambani said at the AI Summit that with nearly 1 billion internet users, the cost of data is the lowest in the world and in terms of quality, there is no difference between Delhi and the remotest village in India.
What is the biggest obstacle in AI?
India is one of the top three startup ecosystems with 100,000 startups and more than 100 unicorns. India’s secure and inclusive digital public infrastructure stack is now being adopted by countries around the world. With all humility, I want to say that with over 500 million loyal subscribers, Jio has the opportunity to lead this transformation in broadband, 4G, 5G and home connectivity.
Mukesh Ambani also informed in the AI Summit that India cannot rent intelligence. Therefore, we will reduce the cost of intelligence as much as we reduced the cost of data. He said that the biggest obstacle to AI today is not talent or imagination, it is the lack of compute and high cost.
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