Showcasing power of AI, metaverse, web3

There are three primary reasons for organizing such an event. First, the government understands the power of AI and wants India to be a superpower in this space. In 2020, for instance, while speaking at the Responsible AI for Social Empowerment Sumit (RAISE), Prime Minister Narendra Modi said he wants India to become a global hub for AI. Second, we cannot have a meaningful conversation about digital transformation now without referring to cutting-edge technologies such as machine learning, deep learning, computer vision, image processing, natural language processing (NLP), and a suite of other AI technologies. Market research and advisory firm International Data Corporation (IDC) has forecast India's AI market to touch $7.8 billion by 2025, growing at a compound annual growth rate of 20.2%.