AI powered National Stock Exchange Knowledge Hub inaugurated in New Delhi
On January 6, 2020, the National Stock Exchange (NSE) knowledge Hub was inaugurated. The hub will assist insurance, banking and financial services. The hub has adopted the latest technology of Artificial Intelligence.
Highlights
The technologies such as Artificial Intelligence and Machine Learning are two major keys for India to become 1 trillion-dollar economy by 2035. The hub is one such step of the technologies to boost the economy of the country. The learning modules in the hub will help in understanding the stock exchange and its functioning better. It will help in creating an adequate work force.
Significance
The AI technology hub will also ensure affordable skill upgradation. The hub will make learning materials easily accessible. With the help of the hub, the NSE shall now enhance its skills. With India being the second largest fintech hub in the world, the hub will help NSE further aid India’s progress.
India’s position in AI
According to RESEARCH AGENCY Itihaasa, India ranks third in Artificial Intelligence. The rankings were provided by the agency based on the research publications in the field. China stands first with 37,918 researches on AI followed by US with 32,421 researches. India holds 12,135 research documents on AI.
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Month: Current Affairs - January, 2020