The Gujarat government has partnered with IBM to establish an AI cluster in GIFT City, leveraging IBM’s GenAI platform to promote innovation and collaboration among financial institutions. IBM will provide support in proof of concept, access to AI Sandbox, AI literacy programs, and digital assistant solutions. The initiative aims to enhance skills in AI through certification programs for professionals and an AI-focused curriculum for schools and colleges. The collaboration with IBM is part of a larger effort to train millions of people in AI globally by 2030. This partnership is set to boost GIFT City’s development and digital transformation, especially in the financial services sector, as India embraces technology to improve efficiency and customer service. Indian startups in the GenAI space have raised over $600 million between 2019 and 2023, indicating significant investor interest and growth potential. GIFT City’s promotion as a global financial center has garnered attention from domestic and international investors, with initiatives like Unifi Capital’s new funds and the partnership between the union government and the Asian Development Bank to stimulate research and innovation in the fintech space.
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https://startupnews.fyi/2024/06/29/ibm-signs-mou-to-deploy-ai-cluster-at-gift-city/
