Foundational models, which form the basis of AI systems such as ChatGPT, are algorithms that train on vast amounts of data.

Presenting the Budget, Sitharaman on Saturday unveiled two key schemes aimed at boosting domestic manufacturing.

The Capitalmind CEO said India can build more reserves by allowing its domestic citizens to invest abroad through Mutual Funds. "Their (MFs) limits (to invest in foreign stocks) are $8 billion.