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Finance Minister Nirmala Sitharaman announced a significant investment of Rs 500 crore to establish three Centres of Excellence in Artificial Intelligence focused on education. This initiative aims to enhance AI education and research in India, addressing the growing demand for skilled professionals in the field. The announcement comes during Sitharaman's historic eighth consecutive budget presentation amidst economic challenges.
The establishment of these Centres of Excellence is expected to foster innovation and collaboration in AI, positioning India as a leader in this transformative technology. This move aligns with the government's broader strategy to boost the economy and support the middle class through educational advancements. The budget also includes provisions for tax cuts and simplifications in tax processes, reflecting a comprehensive approach to economic recovery.
• Government allocates Rs 500 crore for AI education initiatives.
• Sitharaman's eighth budget focuses on economic recovery and AI advancements.
Artificial Intelligence refers to the simulation of human intelligence in machines, which is central to the new educational initiatives.
Centres of Excellence are specialized institutions aimed at promoting advanced research and education in specific fields, including AI.
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