IBM and Gujarat Sign MoU for AI Cluster in GIFT City

As an analyst with a background in technology and experience in observing industry collaborations, I am excited about IBM’s partnership with the Government of Gujarat to establish an AI Cluster in GIFT City. This collaboration is a significant stride forward for Gujarat’s digital transformation efforts and positions it as a leader in AI adoption in India.

IBM and Gujarat’s Department of Science Technology have agreed to collaborate, inking a deal for the development of an Artificial Intelligence (AI) hub in GIFT City. This partnership utilizes IBM’s advanced Watsonx platform.

The objective of this initiative is to foster collaboration and creativity among the local financial institutions in GIFT City. To catalyze the adoption of digital technology in financial services within GIFT City, the AI Cluster will provide an AI laboratory (Sandbox), support for prototyping projects, initiatives to promote AI understanding, and digital assistant tools.

Shri Bhupendrabhai Patel, the Chief Minister of Gujarat, emphasized that this collaboration would propel Gujarat to the forefront of artificial intelligence (AI) integration and digital transformation initiatives in India.

Sandip Patel, IBM India & South Asia’s Managing Director, highlighted the importance of the collaboration in bringing sophisticated AI technologies to financial institutions located in GIFT City. This partnership is intended to boost productivity, stimulate innovation, and enhance customer interactions.

“He remarked, ‘This partnership marks a crucial milestone in our ongoing relationship with the Gujarat Government to expedite digital advancements across the state. Our objective is to set up an AI hub, enabling easy access for the burgeoning financial sector in GIFT City to cutting-edge AI technologies.'”

Under the terms of the agreement, IBM will offer cloud-software tools from IBM for use by financial institutions. These tools will allow institutions to fine-tune and enhance large language AI models in a safe testing environment. To facilitate the integration of these AI models into their systems, IBM will also develop a digital assistant solution.

In keeping with its goal to educate two million individuals in AI by 2026 and upskill thirty million people by 2030, IBM intends to create an AI education program for colleges and educational institutions in Gujarat. This collaboration encompasses professional certifications as well as literacy initiatives aimed at enhancing the workforce’s abilities in Gujarat, making them ready for a future driven by artificial intelligence.

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2024-06-29 23:32