Photo: thehindu.com
Karnataka to Launch Rs 100 Crore Fund to Identify India's Top 50 AI Companies
Karnataka is set to launch a Rs 100 crore fund to identify Indias top 50 AI companies, a move aimed at enhancing the states position in artificial intelligence and technology.
- Karnatakas Information Technology Minister, Priyank Kharge, unveiled plans for a Rs 100 crore fund during the CII INNOVERGE 2025 event in Bangalore.
- The initiative aims to identify and support the top 50 artificial intelligence companies in India, enhancing innovation in the Indian technology landscape.
- This funding is part of Karnatakas broader strategy to strengthen its leadership in information technology and attract more investment in the artificial intelligence sector.
Why It Matters
The establishment of this Rs 100 crore fund underscores Karnatakas commitment to fostering innovation in artificial intelligence, positioning India as a competitive player in the global tech arena. This initiative could stimulate economic growth and job creation within the state.