Mindtree and IISc ink partnership to accelerate AI research funding

Reports confirm that Mindtree, an Indo-American IT company headquartered Bengaluru, has teamed up with the Indian Institute of Science (IISc), Bangalore with an aim to boost funding for artificial intelligence (AI) research. AI research is carried out at IISc, which is the leading scientific research institute of the country.
Mindtree informed in a statement that 'Mindtree Associate Professor Chair on Artificial Intelligence' is the name of the new fund aimed at research and teaching in the fields of AI in Natural Language Processing and Data Science. Apparently, Mindtree and IISc desire to use this endowment to foster indigenous research in the use of machine learning and AI, as well as large scale development of solutions that have high impact.
Rostow Ravanan, Chief Executive of Mindtree, revealed in a statement that an ideal ground is needed in India for further research and development of AI, which is considered to be the foundation of future technologies. IISc is positioned very well to be that space, as it allows the best minds to develop and innovate unique solutions based on AI for current problems.
Ravanan said that this collaboration would further assist in creating opportunities to strengthen AI research and to provide Mindtree's clients with a space to interact with the best minds actively working in the segment. Supposedly, the new association has significantly augmented the capabilities of the institute to explore crucial domains for the technological advancement of the nation.
Director of IISc, Prof Anurag Kumar, was quoted saying that through this association, the institute would receive notable industry-specific exposure in modern AI and computation technology and the problems it solves. A new territory will be opened up through this initiative, for the students of IISc to learn, innovate, implement and execute the novel ideas that have a positive, far reaching impact.