New Delhi, Jan. 31 -- The government on Thursday announced plans to support homegrown large language models (LLMs) developed by Indian startups and companies, days after a Chinese company's demonstration of cost-efficient AI capabilities led to a trillion-dollar market value drop for American tech giants.
Union IT minister Ashwini Vaishnaw said that six Indian startups are positioned to release their foundation models in the next ten months.
"What the world has seen today is that algorithmic efficiency matters a lot. Algorithmic efficiency can deliver a model at a much lower cost and in a much lesser time than the world has seen. Many of our researchers have been working on similar concepts. We are confident that using those concepts, we ...