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Meta, in collaboration with MeitY and the All India Council for Technical Education (AICTE), also launched the “YuvaAI initiative for Skilling and Capacity Building" .
About Center for Generative AI, Shrijan
- Aim: It will Identify & empower the next generation of AI innovators and entrepreneurs using open-source AI & exploring possibilities in the Large Language Model (LLMs).
- It will nurture 1 lakh youth developers & entrepreneurs in AI skills over the next 3 years.
About “YuvAI Initiative for Skilling and Capacity Building"
- Aims: To bridge the AI talent gap in the country by empowering 100,000 students and young developers aged 18-30 to leverage open-source LLMs to address real-world challenges.
What is Generative AI?
- It refers to deep-learning models that can generate high-quality text, images, and other content based on the data they were trained on.
- It builds on existing technologies, like large language models (LLMs) which uses machine learning and is capable of recognizing and interpreting human languages.
- Significance
- Employment: overall AI employment in India is estimated at about 416,000 professionals.
- Growth: The growth rate for the sector is estimated at about 20-25%.
- Investment: Expected to contribute an additional $957 billion to India’s economy by 2035.
- Challenges: Data privacy and security, lack of regulation, Inadequate availability of AI Experts, etc.
