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Google’s investment will immensely help the deployment of AI in areas like health, education, and agriculture and will promote homegrown startup.
Google’s $10 billion ( Rs 75,000 crore) investment for India Digitisation Fund to help accelerate India’s digital economy investment will help Indian startups to build new products and services relevant to India’sunique needs and empower businesses. This will help us to leverage AI for social good in areas like health, education, and agriculture said, Union Minister Minister of Law & Justice, Ravi Shankar Prasad. “There is immense scope for Google to deploy artificial intelligence and undertake new initiatives in the field of agriculture, weather prediction, healthcare in the wake of Covid-19 challenges and most importantly in digital education,” he said while addressing the Google for India event.
Google CEO Sundar Pichai said that Google’s investment will be aimed at developing infrastructure and funding digital innovation in India over the next five to seven years. He also said that the investments would involve the use of technology and artificial intelligence (AI) in areas such as health, education and agriculture.
The minister also mentioned that the new fund will focus on promoting Indian startups. “India's app economy is growing very powerfully, but we must not just download apps. It is important also to upload apps from India,” he said.
The minister added that the move will be a big boost toward realising PM Modi’s vision of making India a $1 trillion economy. “The story of ‘Digital India’ is that of development, empowerment and inclusion. Delighted that Google will invest $10 bn in India. Under the leadership of PM Modi, we’re moving towards a $1 trillion digital economy and for that, it’s a big boost. Thank you Sundar Pichai,” the minister tweeted.
In February this year, Google Research India had announced six AI-based research projects in India that would focus on addressing social, humanitarian and environmental challenges in sectors like healthcare, education, disaster prevention and conversation.
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