India, June 23 -- In an effort to ramp up India's artificial intelligence capabilities, the Centre is reportedly offering a100% subsidy on compute infrastructure costs to Sarvam AI and other companies building foundational AI models.

The new subsidy will exclusively apply to the development of foundational models and the existing 40% subsidy will support other AI workloads, a Moneycontrol report said, citing sources.

Earlier this year, the Ministry of Electronics and Information Technology (MeitY) announced that it would provide a 40% subsidy for common compute access. The Ministry said that India's AI model computation will cost less than INR 100 per hour after 40% government subsidy as compared to global models computation costing $2....