IBM and the Department of Science and Technology, Government of Gujarat, entered into an MoU to establish and promote an “AI Cluster” to foster innovation and collaboration among financial institutions at Gujarat International Finance Tec (GIFT) City, it said.
The Gujarat government on Saturday signed memorandums of understanding with software giants IBM and Microsoft, and the National Association of Software and Service Companies (NASSCOM) for promoting the use of Artificial Intelligence technologies in the state.
The MoUs were signed in the presence of Chief Minister Bhupendra Patel, a government release said.
IBM and the Department of Science and Technology, Government of Gujarat, entered into an MoU to establish and promote an “AI Cluster” to foster innovation and collaboration among financial institutions at Gujarat International Finance Tec (GIFT) City, it said.
Enhancing AI Capabilities
Microsoft and the Department of Science and Technology signed an MoU to establish an Artificial Intelligence Center of Excellence in GIFT City.
The AI Center will focus on key technologies such as machine learning, cognitive services and bot services.
The department also signed another MoU with NASSCOM to enhance AI capabilities in the state.
Prime Minister Narendra Modi has prioritized futuristic technology to propel India towards becoming the world’s third-largest economy, chief minister Patel said.
“Our aim is to keep Gujarat among the top industrial states by promoting futuristic technology such as AI,” he said.
“Gujarat has emerged as a global gateway to the future. In response to the growing demand for skilled workforce in emerging industries leveraging advanced technologies, the state government has launched the Up Skilling Industry Ready Talent Program under the IT and ITES policy,” the CM added.
Sandip Patel, Managing Director of IBM India-South Asia, said AI is a “pivotal need of the hour” and would be a driving force for India’s development.