logo
India to be a global AI powerhouse: OpenAI executive after India academy launch

India to be a global AI powerhouse: OpenAI executive after India academy launch

Time of India7 hours ago

ChatGPT developer OpenAI and the
IndiaAI Mission
on Thursday signed a memorandum of understanding to launch the US-based company's educational platform,
OpenAI Academy
, to promote
artificial intelligence
skills in India.
This makes it the first international rollout of OpenAI's online learning platform. India has the second largest user base for ChatGPT.
'The (AI) tools and the latest development frameworks should be available to all the startups and researchers so that new apps can be developed, new solutions can be created at population scale,' union IT minister
Ashwini Vaishnaw
said in a virtual message at the launch in New Delhi.
The initiative is expected to further strengthen India's resolve to democratise technology and contribute to the IndiaAI Mission, he said.
The mission, which is also supporting the building of Indian foundational models, is receiving interest to do so from the likes of Essential AI cofounder Ashish Vaswani and Two AI founder Pranav Mistry, an official said on the sidelines of the event.
Live Events
Both are Indian-origin computer scientists and entrepreneurs in the US.
Discover the stories of your interest
Blockchain
5 Stories
Cyber-safety
7 Stories
Fintech
9 Stories
E-comm
9 Stories
ML
8 Stories
Edtech
6 Stories
The takeaway is that the IndiaAI Mission is attracting talent and entrepreneurs back to India, the official said.
OpenAI chief strategy officer
Jason Kwon
said India is becoming a 'global AI powerhouse', and understands that maximising AI's benefits requires significant investments in core infrastructure and cultivating AI talent.
'By leading in these areas and empowering people to harness frontier intelligence, India can accelerate that growth and discover scientific breakthroughs and develop solutions to some of society's hardest challenges,' Kwon said.
India's vast and growing pool of AI talent, vibrant entrepreneurial spirit and strong government support to expand critical infrastructure mean the country is poised to succeed in all areas of the AI stack, he added.
'As demand for AI professionals is expected to reach 1 million by 2026, there's a significant opportunity and a need to expand AI skills, development and make sure people from every part of India can participate and benefit,' Kwon said.
Through the partnership, OpenAI will contribute educational content and resources to IndiaAI's 'future skills' platform and to the iGOT Karmayogi civil servant capacity building platform. It will also provide up to $100,000 worth of API credits to 50 IndiaAI Mission-approved fellows and startups.
'I am sure with this partnership, we will be able to strengthen our educational ecosystem, we will be able to empower all our students, we will be able to support our entrepreneurs and our engineers in building state-of-the-art AI applications and models,' IndiaAI Mission chief executive Abhishek Singh said.
OpenAI will help train a million teachers in the use of
generative AI
. It will also conduct hackathons in seven states to reach 25,000 students and webinars and workshops delivered by its domain experts and partners in six cities, the company said.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Insurance firm directed to pay 11L for unfair trade practice in settling claim
Insurance firm directed to pay 11L for unfair trade practice in settling claim

Time of India

time38 minutes ago

  • Time of India

Insurance firm directed to pay 11L for unfair trade practice in settling claim

Raipur: The Chhattisgarh state consumer disputes redressal commission directed an insurance firm backed by a public-sector bank to pay Rs 11,16,801 to a Raipur-based firm for deficiency in service and unfair trade practice in settling a vehicle insurance claim. The commission also awarded Rs 50,000 for mental agony and Rs 5,000 towards litigation costs. The order, passed by President Justice Gautam Chourdiya and Member Pramod Kumar Varma, set aside an earlier ruling by the District Consumer Disputes Redressal Commission, Raipur, which dismissed the complaint as premature. The commission noted that keeping the claim pending for an extended period, especially after the damaged vehicle was handed over as per the insurer's instructions, amounted to deficiency in service and unfair trade practice. "After accepting the surveyor's assessment, instructing disposal of the damaged vehicle, and its actual disposal, it was improper for the insurer to raise further objections. Keeping the claim pending despite receiving the wreck value amounts to deficiency in service and unfair trade practice. The insurer is liable to pay the remaining Rs 11,16,801, along with compensation for mental agony and litigation costs. The district commission erred in holding the claim premature, making its order unsustainable and liable to be set aside," remarked the consumer commission on the case. The firm's car, insured with the insurance firm, met with an accident on Nov 8, 2019. The insurance company assessed the loss at Rs 11,16,801 and instructed the complainant to hand over the damaged vehicle to a salvage buyer, who paid Rs 13,30,000. The firm alleged that despite these actions and assurances of payment, the remaining amount of Rs 11,16,801 was not disbursed. A complaint was filed before the district commission seeking the balance amount and compensation. The insurance firm, in its defence, said that the claim was pending as the complainant did not provide clarifications and relevant documents regarding the incident. The state commission, however, observed that the insurer already acted upon the surveyor's settlement recommendation and instructed the disposal of the vehicle's wreckage. The commission noted that after proceeding towards settlement and the disposal of the wreckage, it was improper for the insurer to raise further objections. The insurance company has been directed to pay the remaining assessed loss of Rs 11,16,801 with 6% annual simple interest from the date of filing the complaint until realisation, along with the compensation and litigation costs.

Carpet area of new flats in Mumbai 43% less than super built-up — biggest gap in country
Carpet area of new flats in Mumbai 43% less than super built-up — biggest gap in country

Time of India

time38 minutes ago

  • Time of India

Carpet area of new flats in Mumbai 43% less than super built-up — biggest gap in country

Mumbai: Apartments in the Mumbai Metropolitan Region (MMR) have the highest 'loading' factor — difference between super-built-up area and carpet area — among the top seven Indian cities. Tired of too many ads? go ad free now According to data collated by ANAROCK Research, MMR has a loading factor of 43%. As an example, a 1,000 sq ft flat will have a living area of under 600 sq ft. "Earlier, super built-up areas were the norm for quoting and marketing, which often overstated the liveable space. While the conversation around square footage continues in the sales room across the table, the focus in advertising appears to have shifted from actual flat sizes, which was more prevalent in earlier years, to taglines such as 'spacious 2 BHK' in advertisements and on hoardings,'' said Prashant Thakur, Regional Director & Head - Research & Advisory, ANAROCK Group. "RERA mandates that all mentions of size must be only based on carpet area. This is strictly mandated in Maharashtra, so marketing has had to adapt to steering the messaging around features and amenities instead. Buyers have become more conscious of shrinking liveable spaces and rising loading percentages," he added. Amid the rising demand for state-of-the-art amenities within housing projects, the 'loading' factor has been on the rise across the top cities. MMR continues to see the highest loading— difference between super-built-up area and carpet area— among the top 7 cities with 43% in Q1 2025. The region has seen the average loading percentage grow steadily over the years —from 33% in 2019 to 39% in 2022, and 43% in Q1 2025. Bengaluru has seen the highest percentile jump in average loading over the last seven years, from 30% in 2019 to 41% in Q1 2025. In 2022, it was 35%. This dovetails with the increasingly higher saturation of modern amenities that developers now include to cater to the higher lifestyle ask in the IT hub. Tired of too many ads? go ad free now Chennai, on the other hand, has the least average loading rise in Q1 2025 with 36%, aligning with a city-specific demand profile where homebuyers prefer to pay more for usable space within their homes rather than for common areas. In 2019, Chennai's average loading percentage was 30%, like Bengaluru. It gradually rose to 32% in 2022 and further to 36% in Q1 2025. In NCR, average loading percentage rose from 31% in 2019 to 37% in 2022, and 41% in Q1 2025. In Pune, it was 32% in 2019, rose to 36% in 2022, and stood at 40% in Q1 2025. Hyderabad saw an average loading percentage increase from 30% in 2019 to 33% in 2022, and to 38% in Q1 2025. Kolkata too saw its average loading factor increase from 30% in 2019 to 35% in 2022, and further to 39% in Q1 2025. "While RERA now requires developers to mention the total carpet area provided to homebuyers, no law currently limits the loading factor in projects. Q1 2025 readings show that 60% of total space within their apartment that homebuyers in the top seven cities pay for is livable space, the remaining 40% is common areas – elevators, lobbies, staircases, clubhouses, amenities, terraces, and so on. The average loading percentage was 31% back in 2019," said Thakur. "Today, higher amenity loading has become the norm across most projects, partly because homebuyers are no longer satisfied with basic lifestyle amenities - they expect fitness centres, clubhouses, park-like gardens, and grand lobbies. Collectively, these features may improve comfort, community livability, and also resale value; however, homebuyers effectively lose on actual usable space within their apartments, " he said. Essential infrastructure in modern housing projects now typically includes more lifts with bigger passenger capacities, amplified utility areas, and fire escapes that meet regulatory safety protocols. In high-density urban developments, optimizing space for both private and shared use is crucial for a better living experience and long-term value, making some level of extra loading an inescapable fact of life. "Respective state RERAs should ideally enforce provisions wherein each project clearly mentions how much buyers are paying for the total usable space within the apartment, and for the amenities," the ANAROCK report said.

Banks begin slashing lending rates after RBI's rate cut; home, small business loans to get cheaper
Banks begin slashing lending rates after RBI's rate cut; home, small business loans to get cheaper

Time of India

time43 minutes ago

  • Time of India

Banks begin slashing lending rates after RBI's rate cut; home, small business loans to get cheaper

Mumbai: Banks have started to reduce lending rates, passing the benefit of the Reserve Bank of India's reduction of repo rate. This is expected to benefit home loan borrowers as well as small businesses, as most of these loans are linked to external benchmarks like the RBI's repo rate. Bank of Baroda and Punjab National Bank reduced repo-linked lending rate by 50 basis points each. Bank of Baroda's revised repo-linked lending rate (RLLR) now stands at 8.15% compared to 8.65%, while PNB's RLLR has come down to 8.35% from 8.85%. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like NYC Hotel Smartphone Booking | Bookmark Now! | New York City Hotel Booking | Mill Canyon Road Click Here Undo However, PNB has kept the marginal cost of fund-based lending rate (MCLR) unchanged. Kolkata-based UCO Bank announced 10 basis points reduction in MCLR. The revised MCLR now stands in the range of 8.15-9.00%. On Friday, the central bank slashed the repo rate by 50 basis points, taking the total reduction to 100 bps since February. Live Events

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store