Mumbai, May 30 -- Mr Amitabh Kant, India's G20 Sherpa, said that the Artificial Intelligence (AI) race has just begun and urged Indian businesses to build foundational models. Mr Kant was speaking at the session on "Making this India's Moment: What Must India Do?" at the CII Annual Business Summit 2025 in New Delhi on 29 May. India's G20 Sherpa believes that Indian models will provide solutions to many of the challenges faced by countries around the world.

"What we did in digital public infrastructure is that we used open source, open API, globally interoperable models, and those models will be the way forward for us. Therefore, India must build its foundational model. I believe India will provide these foundational models for many areas...