The WTC AI City will feature 90,000 square meters of built-up space and will house companies at the forefront of AI and emerging technologies. The government said it will be one of the largest capacity-building initiatives in the field of AI.
“Having WTC in the next AI City is fundamental to our goal of growing IT Exports “Investment in AI in the IT sector will increase from $32 billion to $200 billion,” Duddila Sridhar Babu of Telangana IT and Industries said in a statement. “This collaboration will accelerate our IT export goals and firmly position Telangana among the world’s leading AI innovators.”
The campus will offer world-class office spaces, business services, training facilities, retail and entertainment zones, co-living spaces, a luxury hotel and primary healthcare facilities, all in line with the Telangana leadership’s vision of developing an integrated mini smart city incorporating a “walk to work” concept.
“Normally, obtaining a license for a new World Trade Center is a lengthy process. However, given the bold vision of Telangana’s leaders, we expedited the process and approved the license in a record time of one week,” said Robin van Puyenbroeck, executive director of the WTCA in New York.
On the second day of the Global AI Summit 2024, Telangana reinforced its commitment to making artificial intelligence (AI) accessible and beneficial to all citizens.
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“AI is often seen as a double-edged sword, capable of making remarkable progress but also posing challenges,” Babu explained. “In Telangana, our focus is not just on an AI-driven future for economic growth, but on ensuring that AI is trustworthy, transparent and aligned with ethical standards. We aim to democratise AI, ensuring that its benefits are equitably distributed across sectors.” He also laid out three key strategies that would propel Telangana towards its goal of becoming a trillion-dollar economy. The first is to have new sector-specific Centres of Excellence that will focus on critical sectors such as cybersecurity, semiconductors and finance, driving innovation and growth in these industries.
The other would be to have AI innovation hubs that would expand to second and third tier cities, ensuring that AI-driven growth reaches every corner of Telangana. The initiative aims to bridge the gap between urban and rural areas and create new opportunities for communities across the state.
The state also said it would implement comprehensive frameworks for AI governance, ensuring transparency, accountability and ethical development of AI. This would be done to protect citizens while promoting responsible AI innovations.
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