India To have upper hand in AI Technology: PM Modi By CIOTechOutlook Team

India To have upper hand in AI Technology: PM Modi

CIOTechOutlook Team | Thursday, 21 March 2024, 08:50 IST

India will have a high ground in artificial intelligence (AI) technology, Narendra Modi said and requested that new businesses exploit the new innovation. “We are in a new age of AI technology, and today, the world accepts that India will have an upper hand in AI,” Modi said.

“Now this is our job, not let this opportunity go,” the Prime Minister said while addressing entrepreneurs at the third and final day of the Startup Mahakumbh event.

Modi informed that he has been extensively using artificial intelligence technology in the ongoing Lok Sabha election campaigns. “I am taking a lot of help from AI these days because there are language barriers in election campaigns,” he said.

Modi said India has arisen as the third biggest startup environment on the planet. The number of new businesses in India flooded to 1.25 lakh from under 100 in 2014. In addition, the Prime Minister stated that approximately 12 lakh young people are directly involved in startups.

“Startup has become a social culture, and no one can stop a social culture,” he said.

As per PM, the startup transformation in the nation is being driven by little urban communities and that too in a great many areas, including farming, materials, medication, transport, space, yoga and Ayurveda.

Modi went on to say that Indian startups are working in more than 50 areas of the space industry, including the launch of the space shuttle, when he talked about space startups.

“Through the Startup India mission, the government has given a platform to innovative ideas, connected them to funding channels and established incubators in educational institutions," he added.