Wednesday, April 24, 2024

MATH Centre launched at T Hub Hyd to host AI summit in July, says IT Minister

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Telangana IT Minister D Sridhar Babu on Thursday launched the Machine Learning and Artificial Intelligence Technology Hub (MATH) which has been built by T Hub, in collaboration with the Department of Science and Technology (DST) at T Hub.
The new facility aims to foster innovation, create jobs and nurture startups. Following the inauguration, Sridhar Babu said, “Another centre has been added to the intellectual property of the State. It shall prove to be a powerhouse. I urge all those who have contributed in the development of the centre to contribute towards the government’s vision to make Hyderabad the AI capital of the world. AI ML are the buzzwords now, since it is not confined only to IT and is being used in various services. There is need to keep ourselves abreast with the changing technology. As a step in that direction, the government has allocated 200 acres of land for the development of Artificial Intelligence City.“
He further said, “The government will  conduct a global AI summit on July 1 and 2 in Hyderabad. In order to surge ahead, all major players in the AI ML area must be brought on one platform. This will hopefully allow the MATH centre to collaborate with leading AI firms.”
MATH has set ambitious goals to propel India’s AI market to new heights. The Centre of Excellence aims to generate over 500 AI-related jobs by 2025 and nurture more than 150 startups annually, positioning itself as the go-to destination for AI-driven initiatives in the country.
India’s AI market is poised to reach $17 billion by 2027 with a CAGR of 25-35%. In sync with this growth trajectory, MATH’s inauguration as a Centre of Excellence represents a pivotal step forward in advancing AI and ML in India. The launch event, held at T-Hub witnessed esteemed dignitaries including Rahul Paith, CEO of MATH, Jayesh Ranjan, Principal Secretary, IT, E&C and I&C Department, BVR Mohan Reddy, Board Member of T-Hub and Founder & Chairman of Cyient, and Mahankali Srinivas Rao (MSR), CEO of T-Hub.
Mahankali Srinivas Rao said, “Together, T-Hub and MATH will empower entrepreneurs to harness the power of AI and ML, driving meaningful change and propelling India on to the global stage of technological leadership.”
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