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The Telangana government has proposed a budget allocation of Rs 774 crore for the IT sector, emphasizing advancements in AI and emerging technologies. Finance Minister Bhatti Vikramarka highlighted the sector's growth, driven by supportive government policies. The focus is on fostering innovation through AI, Blockchain, and digital solutions.
The AI Global Summit 2024 showcased Telangana's ambition to lead in AI, attracting 10,000 delegates from over 100 countries. During the summit, 20 strategic MoUs were signed with major AI companies, including NVIDIA and Microsoft, to enhance the state's AI capabilities. The development of a 200-acre AI City aims to establish a global hub for AI innovation.
• Telangana allocates Rs 774 crore for IT sector focusing on AI advancements.
• AI Global Summit 2024 attracted 10,000 delegates, enhancing Telangana's AI ambitions.
AI is emphasized as a key area for technological innovation and modernization in Telangana.
Blockchain technology is highlighted alongside AI as a focus for advancing the IT sector.
The roadmap outlines initiatives for fostering AI startups and integrating AI into governance.
NVIDIA is a leader in AI computing technology, contributing to Telangana's AI initiatives.
Microsoft's collaboration aims to enhance AI capabilities within Telangana's IT sector.
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