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The Economic Times
The Economic Times
Suraksha P

Paperwork causing AI mission lag as startups flag funding, IP concerns

The Centre hasn’t yet signed formal agreements with at least five of the 12 startups selected under the IndiaAI mission to be incentivised forbuilding indigenous foundational artificial intelligence (AI) models, though they were chosen between eight and 12 months ago. While compute access has been provided, the lack of a formal pact has led to operational hurdles when it comes to other support, founders said.

Some of them said this has also given rise to concerns over intellectual property rights. Others said original timelines may get pushed back, adding that, as far as they were aware, none of the 12 has signed an accord with the Centre but ET could not independently verify this claim.

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