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    Question

    Which of the following statements about the recent MoU between iCreate, Microsoft, and MeitY is/are correct?

    1. The MoU aims to boost AI startups in India.

    2. iCreate and Microsoft launched the iMPEL-AI program for AI innovators across India.

    3. The program will select and scale 200 startups across India to build with Azure OpenAI.

    A Only Statement 1 Correct Answer Incorrect Answer
    B Statements 1 and 2 Correct Answer Incorrect Answer
    C Statements 2 and 3 Correct Answer Incorrect Answer
    D Only Statement 3 Correct Answer Incorrect Answer
    E All Statements 1, 2, and 3 Correct Answer Incorrect Answer

    Solution

    •     International Centre for Entrepreneurship and Technology (iCreate), Microsoft signed an Memorandum of Understanding (MoU) facilitated by the Ministry of Electronics & IT to boost AI startups in India. •     This partnership will support and transform AI startups not just in big cities but also in smaller towns and  villages. •     Microsoft and iCreate, in the presence of Minister Chandrasekhar launched iMPEL-AI (iCreate-Microsoft programme for Emerging Leaders in Artificial Intelligence) programme. •     The program will screen 1100 AI innovators across India to become AI Most Valuable Players (MVPs) and focus on priority themes of Healthcare, Financial Inclusion, Sustainability, Education, Agriculture, and Smart Cities. •     In the second stage, the program will select and scale 100 startups across India to build with Azure OpenAI, and the top 25 will receive go-to- market support from Microsoft’s Global Network to develop advanced, globally competitive products. Learn Along: About Microsoft Founders: Bill Gates, Paul Allen             Headquarters: Washington, United States   Founded: 4 April 1975

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