The foundation of all advancements is artificial intelligence. Artificial intelligence is the road map for all kinds of enterprises to succeed, whether they are tech or non-tech, ranging from healthcare to banking & finance to education to space to climate. Artificial Intelligence is not only taking over the private sector; it is also a major player in all government programs that involve rebuilding, revamping, and reevaluating everything. As a result, there is an increasing need for more initiatives, policies, programs, and assistance.
A survey claims that in February 2023, there were 45,000 AI job opportunities in India. The country’s market is expected to grow at a compound annual growth rate of 25–35% to reach $17 billion by 2027. In keeping with the same goal, T-Hub hosted a ceremony that debuted MATH on March 7, 2024. Together, T-HUB and MATH have reached yet another significant milestone in the startup environment.
Their strategic goal is to revolutionize the Indian startup scene while also generating employment possibilities in the AI space. The Department of Science and Technology (DST) fully supports T-HUB and MATH’s fantastic goal to enable burgeoning AI firms in Hyderabad, Telangana.
The event kicked off with a formal press conference including MATH CEO Rahul Paith and T-HUB CEO Shri. Mahankali Srinivas Rao (MSR). The conference featured an excellent interactive session filled with sophisticated inquiries including how artificial intelligence (AI) would transform the workforce, the effects of AI, and if AI will increase or decrease human confidence.
The Telangana government’s Minister of IT, E&C, and I&C, Shri. Sridhar Babu Duddilla, officially opened the MATH center on the T-HUB property. Subsequently, MATH CEO Shri. Rahul Paith delivered an insightful address. In his remarks, he emphasized how this launch may serve as a springboard for greatness, innovation, and transformation. Following that, Shri. BVR Mohan Reddy, Founder & Chairman of Cyient and Board Member of T-HUB, shared his opinions on how T-HUB is the ideal foundation for the beginning of progress.
Shri. BVR Mohan Reddy, Founder & Chairman of Cyient and Board Member of T-HUB, states that India “has the potential to excel and invent more innovation.” Thus, it is crucial to refrain from making snap decisions and to carefully study and invest the necessary time and effort in learning.” He goes on, saying, “What we really need is government cooperation, assistance, and support to provide businesses access to the market. While technology is enabling tremendous advancement, the investing community must wait patiently for game-changing outcomes, guarantee holistic startups, and make a lasting impression. We also need to combine psychology, geography, history, UI, and UX in equal measure with all of this. This will create a culture that is flexible and productive, increasing the likelihood of survival 100% of the time. Finally, steer clear of outdated outcomes and possess the enthusiasm to create new and innovative.”
A number of MATH-related initiatives were introduced by Shri. Sridhar Babu Duddilla, including the logo, the MATH data center, and the MATH platform (which includes the Job Portal and LMS). Along with the event, he offered his thoughts on the application of AI and how T-HUB & MATH might bring about and facilitate transformation.
The MATH launch event concluded with a heartfelt word of gratitude from T-HUB CEO Shri. Mahankali Srinivas Rao (MSR).
AI has been around for 30 years, but it has only recently become a reality, according to Shri. Mahankali Srinivas Rao (MSR), CEO of T-HUB “AI has a powerful impact on our lives and businesses of various sectors which is creating multifold opportunities, AI platforms, AI services, AI products, & AI solutions.” AI has the potential to completely change every aspect of our lives, including risk management, e-commerce, manufacturing, healthcare, and education. “T-Hub focuses on startups from sectors like healthcare, mobility, sustainability, and semiconductors,” he continues. Nearly 65 AI firms are being nurtured by it, and T-Hub’s ideal project is MATH. This is a fantastic chance to unite, support, and elevate Hyderabad to the status of the AI capital. To achieve this objective, the Government, MATH, and T-Hub will be constructing a strong ecosystem in tandem.”
The partnership to integrate AI into all we do will start with innovation and conclude with magnificent creativity. As can be seen, the launch marks a noteworthy turning point in the development of the AI startup ecosystem, where artificial intelligence is the engine that is creating jobs, developing young people as entrepreneurs and students, and retraining and upskilling academics and researchers.