Summaried by AI Model:facebook/bart-large-cnn
A seed fund of 59 million CFA francs (about $98,222) has been established by the Senegalese Ministry of Communication, Telecommunications, and Digital Economy. Applications will be accepted until Tuesday, October 15, after being announced on Saturday, October 12. The government hopes to foster entrepreneurship and technical innovation by implementing the fourth pillar of this policy.Artificial intelligence is being embraced by the Senegalese government as a potent instrument for promoting development in all fields. The government is investigating the creation of a specialised AI computing centre as part of its agenda, in addition to other projects.
A seed fund of 59 million CFA francs (about $98,222) has been established by the Senegalese Ministry of Communication, Telecommunications, and Digital Economy in collaboration with the French Embassy and AI HUB Senegal to aid in the development of artificial intelligence (AI)-based solutions. Applications will be accepted until Tuesday, October 15, after being announced on Saturday, October 12. Grants from €5,000 ($5,466) to €10,000 will be given to Senegalese business owners in a variety of industries as part of this program. These include business services, transportation, healthcare, education, energy, e-commerce, finance, and agriculture, among others.
Entrepreneurs are required to describe how their solutions differ from those that are currently on the market in the application form. “This could involve aspects such as the use of advanced technologies, a novel approach to solving a problem, an innovative production or service delivery method, or significant added value that addresses an unmet need.”
This program is in line with the Senegalese government’s continuous attempts to quicken the advancement of artificial intelligence. For instance, in collaboration with the American IT behemoth Meta, the government is thinking of constructing an AI computing centre. The 79th United Nations General Assembly in September covered this project, which is part of Senegal’s new digital transformation plan, SN 2034, also referred to as the “Technological New Deal.” The government hopes to foster entrepreneurship and technical innovation by implementing the fourth pillar of this policy.
A report published in the International Journal of Science and Research Archive claims that small and medium-sized businesses may use data to make well-informed decisions, improve operational effectiveness, and customise consumer experiences by integrating AI technologies. The Global System for Mobile Communications Association (GSMA), for instance, states that “AI tools can provide real-time data, perform predictive analytics, and execute algorithms to optimise farming practices, improve crop yields, enhance product quality, facilitate access to markets and credit, and reduce production costs.” (GSMA).
