IBM and the Department of Science and Technology, Government of Gujarat have signed an MoU to establish an AI cluster using IBM’s Watsonx for financial institutions in GIFT City. Through this partnership, financial institutions will have access to AI Sandbox, proof of concepts, AI literacy programs, and digital assistant solutions.
Gujarat Chief Minister Bhupendrabhai Patel stated that the MoU with IBM will help Gujarat lead the country in adopting AI and driving digital transformation. IBM will provide software technologies and platforms on the cloud for financial institutions to customize and fine-tune large natural language AI models in a sandbox environment.
Sandip Patel, general manager of IBM India and South Asia, emphasized that the collaboration with Gujarat is crucial for accelerating the state’s digital transformation. The goal of establishing the AI cluster is to make the latest AI solutions easily accessible to the growing number of financial institutions in GIFT City.
In addition to providing technology platforms, IBM will develop a digital assistant-based solution to facilitate the integration of large custom language models for financial institutions. The company plans to upskill 30 million people by 2030 and train 2 million students in AI by the end of 2026. They will also develop an AI curriculum for schools and universities in Gujarat.
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