The Department of Science and Technology, Government of Gujarat has signed a Memorandum of Understanding (MoU) on Saturday with IBM to launch and develop an Artificial Intelligence Cluster that uses IBM’s Watson to accelerate innovation and create innovation and engagement across the financial industry in Gujarat International Finance Tec (GIFT) City.


The agreement stipulates that the financial institutions in GIFT City will be getting access to AI Sandbox, help in generating PoC, AI literacy, and Digital Assistant Solutions.

On the occasion, Gujarat Chief Minister Bhupendrabhai Patel stated that “This MoU with IBM will help Gujarat to be on the front line of the country when it comes to implement AI.


Under this MoU, IBM will deliver SW technologies and platforms in a cloud environment that allows the fin. institutions to enhance, tune and experiment with large language AI models in a sandbox environment. IBM will also strive to design a Digital assistant-based solution that enables the onboarding and integration of such customized large language models for the financial institution.

‘Applying AI for business is one of the most crucial business objectives among enterprises today in order to edge out from competitors by offering enhanced productivity, innovation and customer service,’ added Sandip Patel, Managing Director, IBM India & South Asia.

He also said, “This collaboration is a step in our further engagement with the Government of Gujarat for making the digital transformation of the state faster. With the creation of this AI cluster, our objectives are to make the latest in AI solutions more available for the growing number of financial institutions in GIFT City.
IBM also noted that it would design an AI curriculum to teach the schools and universities in Gujarat making it in line with the IBM’s mission of skilling 30 million people by 2030 and training one million learners in AI by the end of 2026.
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Mona Khandhar, the Principal Secretary of the Department of Science and Technology, mentioned the following: “These MoUs are very detailed We are also trying to fasten the AI adoption in MSMEs It is our endeavour to bring this futuristic technology to the people.

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