BENGALURU, March 7 Reuters India on Thursday approved a 103 billion rupee 1.25 billion investment in artificial intelligence projects, including to develop computing infrastructure and for the development of large language models, the government said.

The money will also be used for funding AI startups, as well as developing AI applications for the public sector, the government said in a statement.

India39;s artificial intelligence market is projected to touch 17 billion by 2027, growing at an annualised rate of 2535 between 2024 and 2027, according to IT industry body Nasscom.

1 82.6980 Indian rupees

Reporting by Munsif Vengattil; Editing by Alison Williams

Source Reuters