Kotak Mahindra Bank and IISc Bengaluru to setup Kotak-IISc AI-ML Centre

Kotak Mahindra Bank has now collaborated with the Indian Institute of Science (IISc) to set up the Machine learning and Artificial Intelligence center at the IISc campus in Bangalore.

The project is a part of the Kotak bank’s CSR initiatives under the livelihood and education project. The name of the center will be Kotak-IISc AI-ML Centre, notes the announcement.

Prof. Govindan Rangarajan, Director, Indian Institute of Science (IISc), said, "As IISc continues to deliver on its mandate to provide advanced scientific and technological research and education, it is partnerships with forward-thinking institutions such as Kotak Mahindra Bank that will help us to scale up substantially and position India as a deep tech innovation hub. The future is exciting, and we are delighted to welcome Kotak Mahindra Bank on board."

Rohit Rao, Joint President & Group Chief CSR Officer, Kotak Mahindra Bank Limited, said, "The KotakIISc AI-ML Centre will be a Centre of Excellence that will offer academic courses and also undertake research & innovation to further enhance India’s scientific capabilities. The Centre is envisaged to be the Gangotri of advanced sciences encompassing education, research, and innovation in artificial intelligence and machine learning to develop the next generation of leaders in the areas of IT and robotics and champion India’s technology advancement."

The new center, which is spread across the 140000 square feet at the IISc campus, will offer bachelor's and master's degrees, along with short-term courses.

The courses will include areas such as financial technologies, deep learning, natural language processing, and computer vision, along with the AI-ML courses. Additionally, it will also include robotics, fraud analytics, cybersecurity, and biomedical engineering, among others.

IISc will also promote research in AI/ML to improve the talent pool and try to close the gap on the shortage of AI talent in India.