We Are At Doorsteps Of Intelligence Age: Mukesh Ambani At NVIDIA Summit
by Amit Singh · Inc42SUMMARY
- Mukesh Ambani said India has the best digital connectivity infrastructure in the world after the US and China
- The billionaire said that India is set to become an innovation hub and premier digital market on the back of the country’s booming economy, raw talent and digital connectivity infrastructure
- Speaking at NVIDIA's AI Summit 2024, Ambani said India will become one of the biggest intelligence markets in coming years
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Reliance Industries chairman and managing director Mukesh Ambani on Thursday said that the world is moving on from the Information age and is at the doorsteps of the Intelligence age, which will be underpinned by AI.
Ambani made the comments at the NVIDIA AI Summit 2024, which began on October 23.
In a conversation with NVIDIA founder and CEO Jensen Huang, Ambani said that India is set to become an innovation hub and premier digital market on the back of the country’s booming economy, raw talent and digital connectivity infrastructure.
India has the best digital connectivity infrastructure in the world after the US and China, Ambani said, adding that, in the coming years, the South Asian nation will be one of the biggest intelligence markets.
Amid rapid adoption of AI, NVIDIA announced that it has partnered with Reliance Industries to build AI infrastructure in India.
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Notably, NVIDIA announced a series of tie ups with Indian startups to further advancement of AI in the country. The company has partnered with the likes of Flipkart, Zoho, Krutrim and Sarvam AI to build large language models for Indian languages.
The company has also joined hands with medtech startup SigTuple and fitness startup CureFit to solve challenges in the healthcare sector.
The announcements come at a time when demand for AI is on the rise in the country. India has emerged as a leader in the adoption of AI apps, with the country accounting for 21% of AI app downloads globally.
In an major boost to the homegrown AI ecosystem, the union cabinet approved IndiaAI Mission with a total outlay of INR 10,372 Cr over the next five years. Recently, it was reported that IndiaAI Datasets Platform will go live as soon as January 2025.
On the back of this, the homegrown AI ecosystem has been making massive strides. Earlier this year, Krutrim became India’s first AI unicorn. Overall, India has more than 100 GenAI startups which have raised more than $600 Mn since 2019.