Uttar Pradesh intends to construct India's inaugural AI city in Lucknow, aiming to foster and showcase the AI ecosystem. The envisioned AI city seeks to evolve into a vibrant center fostering innovative ideas, integrating state-of-the-art technology, research hubs, and educational establishments. The expression of interest (EoI) is extended to real estate developers, inviting their participation in constructing and managing the AI city with the objective of nurturing the workforce of tomorrow.
As per a Grand View Research report, the global AI market achieved a valuation of $137 billion in 2022 and is projected to experience a compound annual growth rate of 37.3% from 2023 to 2030.
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