Ending Soon! Save 33% on All Access

India Is Well Poised To Establish As an AI Innovation Garage Of the World, Says IBM CEO He further stated that India must develop sovereign capability in artificial intelligence (AI) and look at setting up a national AI computing centre

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

X handle

IT major IBM chairman and CEO Arvind Krishna, in an interaction with journalists on August 28, has said that AI adoption is steadily on the rise globally and India is well poised to lead the AI revolution and establish itself as an AI innovation garage of the world.

He then stated that India must develop sovereign capability in artificial intelligence (AI) and look at setting up a national AI computing centre, in line with the global trend of increased investments in computing infrastructure due to rapid technological advancements.

While signifying the importance of government intervention in certain areas, Arvind Krishna pointed out that some level of upfront government investment is necessary for risky and expensive technologies for the private sector to feel confident enough to invest.

"We had a very good discussion with Rajeev Chandrasekhar (the Minister of State for IT and electronics). I am a firm believer that every country ought to have some sovereign capability on artificial intelligence, including large language models, and generative AI," said Krishna in a statement.

Stating the company's future plans, the CEO said that the company will continue to invest more as the country aims to become a trillion dollar digital economy by 2026, adding that the company has close to 100,000 employees in the country, with its facilities spread across the country.

"We run a globally integrated enterprise so our own people can leverage the compute facilities not only in India but all over the globe. IBM in India reflects our global footprint," he said and added that the total investment in India will keep growing.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
News and Trends

CoverSure and CirclePe Raise Early-Stage Funding

Here are the Indian startups that announced early-stage funding rounds.

Business News

'Creators Left So Much Money on the Table': Kickstarter's CEO Reveals the Story Behind the Company's Biggest Changes in 15 Years

In an interview with Entrepreneur, Kickstarter CEO Everette Taylor explains the decision-making behind the changes, how he approaches leading Kickstarter, and his advice for future CEOs.

Business Culture

How To Keep an Entrepreneurial Spirit Alive in Your Small Business

These three tips will help you keep the spark for entrepreneurship that leads to long-term business success

Business Models

How to Become an AI-Centric Business (and Why It's Crucial for Long-Term Success)

Learn the essential steps to integrate AI at the core of your operations and stay competitive in an ever-evolving landscape.