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Govt eyes Rs 20,000 crore fund to power up frontier AI and compute ecosystem

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Govt eyes Rs 20,000 crore fund to power up frontier AI and compute ecosystem

Business News Tech AI Govt eyes Rs 20,000 crore fund to power up frontier AI and compute ecosystem

Govt eyes Rs 20,000 crore fund to power up frontier AI and compute ecosystem

The proposed National Frontier AI & Compute Fund (NFAICF) under the IndiaAI Mission is still under consultation, and its final size, structure, governance and the role of government capital are yet to be decided, people aware of the discussions told ET.

The government is exploring an anchor investment of Rs 15,000-20,000 crore for a proposed fund to provide long-term risk capital to India’s frontier artificial intelligence companies and finance GPU clusters, specialised data centres and other AI infrastructure.The proposed National Frontier AI & Compute Fund (NFAICF) under the IndiaAI Mission is still under consultation, and its final size, structure, governance and the role of government

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