The Telangana AI Mission (T-AIM), a joint Telangana government and NASSCOM initiative, on Tuesday said it has facilitated two MoUs between Telangana government and the Centre for Development of Advanced Computing (C-DAC) and Indian Institute of Technology Hyderabad (IIT-H).
The MoUs will provide the 142 AI startups being supported by T-AIM through its accelerator programme called Revv Up with affordable access to high performance AI computing (HPAIC) through the public infrastructure set up under the National Supercomputing Mission (NSM).
The MoU was signed with C-DAC will allows Revv Up startups to access India’s largest and fastest AI scalable supercomputing infrastructure with 410 AI Petaflops at no cost for a certain period in a benefit that translates to Rs 10 crores in economic value created for T-AIM startups. After that, startups can continue to utilise facilities at rates that are a third lower than those offered by private cloud infrastructure providers.
The MoU signed with IIT-H will offer PARAM SEVA computing infrastructure of 833 teraflops, which was also built by C-DAC under the aegis of NSM, at discounted rates for Revv Up startups.
A recent report by OpenAI states that cost of training large models is expected to rise five-fold by 2030. The state government said both MoUs are significant as startups can immediately benefit from partnership by reducing cost of operations.
