IBM and Gujarat Collaborate to Launch AI Hub in GIFT City, Targeting BFSI Sector Innovation
July 1, 2024IBM has partnered with the Gujarat government to establish an AI Cluster in GIFT City.
The focus of the AI Cluster is on the BFSI (Banking, Financial Services, and Insurance) sector.
IBM will use its 'watsonx' technology to promote innovation in financial institutions.
The collaboration includes access to AI Sandbox and proof of concept assistance.
IBM will offer AI literacy programs and digital assistant solutions.
The initiative aims to train 25,000 students in deep technology courses over three years.
This aligns with Gujarat's goal to skill millions of people in AI.
Gujarat Chief Minister Bhupendrabhai Patel believes this partnership will lead the state in AI adoption and digital transformation.
IBM's MD for India and South Asia, Sandip Patel, views the partnership as a significant step towards accelerating the state's digital transformation.
Summary based on 9 sources
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Sources
Times Of India • Jun 30, 2024
IBM to set up AI cluster for BFSI units at GIFT CityEconomic Times • Jun 29, 2024
IBM, Gujarat govt ink pact to establish AI cluster at GIFT CityBusiness Standard • Jun 29, 2024
Gujarat govt signs MoUs with IBM, Microsoft to enhance AI capabilitiesBusinessLine • Jun 29, 2024
IBM to set up AI cluster for BFSI units in GIFT City, Gujarat