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India has to be at the top when it comes to new energy and artificial intelligence (AI), said Bhavish Aggarwal, Founder of Ola Electric, while speaking about the shared Indian dream of a developed country by 2047. 

In a fireside chat hosted by Shradha Sharma, CEO and Founder of YourStory, at TechSparks 2024, Aggarwal said that India is where all the energy is, with development across sectors like artificial intelligence, space, biosciences, new energy technology, among others. 

“We have to become world number one in two things. In new energy and in AI.”

Speaking about development of AI in India, Aggarwal said that there are very few Indian products in the digital ecosystem. We use other people’s search engines, other people’s social media, and other people’s chips. We use other people’s AI, he added.

Aggarwal said that it is very important for the future of India to take control of its AI future. The country has a lot of strength in the digital world, but believes that it is not bringing these strengths together properly. 

“India is the biggest producer of digital data. 20% of the world’s digital data is produced in India. But it’s not stored in India,” he said.

In July, Aggarwal had said in a blog post that artificial intelligence and new energy technologies can propel India towards a $50 trillion economy by 2047. 

Ola’s Krutrim announced in August that it will design and develop the country’s first AI silicon chips by 2026, specifically designed to manage complex AI tasks and workloads. 

The initial family of chips comprises Bodhi 1 and 2 for AI, Sarv for general computing, and Ojas for edge computing. 

The company plans to release Bodhi 2 by 2028, which will be trained on over 10 trillion parameters and scalable to exascale supercomputing.