Ashwini Vaishnaw, Indias Minister of Electronics and Information Technology, has been named among TIME magazines Most Influential People in AI 2024. As India strives to become a major player in artificial intelligence, Vaishnaw is spearheading the countrys efforts. Despite the absence of binding AI regulations, India has taken a leading role by chairing the Global Partnership on Artificial Intelligence, the magazine noted.Indias Semiconductor Manufacturing VisionUnder Vaishnaws leadership, India is positioning itself as one of the top five global hubs for semiconductor manufacturing—a critical element for modern AI technology. Within the next five years, the country aims to become a global semiconductor leader, with construction already underway for multiple factories, the magazine highlighted.Global IndiaAI Summit and Technological GoalsIn July, India hosted the prestigious Global IndiaAI Summit, which attracted over 2,000 experts, including top executives from OpenAI and Microsoft, and representatives from over 50 countries. Indias various AI initiatives, funneled through the “IndiaAI” program under Vaishnaw, reflect its growing presence in the field. Additionally, the Indian government aims to secure over 10,000 Graphic Processing Units (GPUs) to enhance its AI computing capabilities.Challenges on the Path to AI LeadershipDespite the momentum, Vaishnaw has encountered significant challenges in building the AI ecosystem. Indias tech sector faces low private R&D investment and lacks advanced manufacturing infrastructure. The education system is also racing to develop the highly skilled workforce necessary for AI and semiconductor development, TIME reported.Overcoming Hurdles to InnovationIndias journey toward AI leadership is fraught with challenges, including high import tariffs on electronic components, global competition for talent, and the complexities of rapidly upgrading infrastructure. TIME notes that India is working to strike a balance between fostering innovation and mitigating the risks AI presents, but whether it will succeed remains to be seen.
