The Indian Institute of Technology, Bombay, has partnered with tech giant IBM partners to carry out advanced research in Artificial Intelligence (AI) in the country. IIT Bombay will join IBM’s ‘AI Horizons Network’ under this partnership.
IIT Bombay also becomes the first institution outside North America to join the IBM’s AI Horizons Network.
As a part of this collaboration, IIT Bombay will pair its faculty and graduate students with scientists from IBM Research to accelerate the application of AI, machine learning, natural language processing and related technologies for business and industry.
Arvind Krishna, Senior-Vice President, Hybrid Cloud and Director, IBM Research, said, "Through this collaboration with IIT Bombay, we aim to accelerate the pace of innovation for AI in India, working hand-in-hand with some of the top scientists and research scholars in the country."
The two partners will also work on training and building domain-specific AI agents (chatbots). The agents will aid humans in complex decision making such as trading and investment choices in financial services.
Prof. Devang Khakhar, Director of IIT Bombay, said, "This partnership will enable IIT Bombay faculty to work in collaboration with researchers around the world on the frontiers of AI focusing on industrially relevant problems and will provide access to large data sets."
