Eight local firms may get IndiaAI foundational AI models incentives

The government has selected close to eight homegrown firms building artificial intelligence (AI) foundational models to extend incentives under the IndiaAI Mission, people aware of the development told ET.

Union IT and electronics minister Ashwini Vaishnaw is expected to announce the beneficiaries selected in the second round of screening next week.

BharatGen, a consortium of IIT researchers anchored by IIT Bombay and supported by the Department of Science and Technology, is expected to receive the nod in this round, sources said.

In January this year,…