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Bhavish Aggarwal today (February 4) announced an investment of INR 2,000 Cr into its AI unicorn Krutrim
Aggarwal also announced the roll out of a frontier artificial intelligence research lab, Krutrim AI lab
Krutrim AI Lab has released a host of models that aims to redefine the AI ecosystem in India including Krutrim 2 and Krutrim 1 LLMs, Chitrarth, Dhwani , Vyakhyarth 1 and Krutrim Translate 1
Ola
founder Bhavish Aggarwal today (February 4) announced an investment of INR 2,000 Cr into its AI unicorn Krutrim, with a commitment of INR 10,000 Cr by next year.
Aggarwal also announced the roll out of a frontier artificial intelligence research lab, Krutrim AI lab, just days after Krutrim announced it is hosting open source AI models of Chinese GenAI company DeepSeek on its cloud platform.
“While we’ve been working on AI for a year, today we’re releasing our work to the open source community and also publishing a bunch of technical reports. Our focus is on developing AI for India – to make AI better on Indian languages, data scarcity, cultural context etc,” Aggarwal said in an X post.
He further added that this strategic investment underscores our dedication to advancing AI innovation and strengthening India’s position in the global AI landscape.
Krutrim AI Lab has released a host of models that aims to redefine the AI ecosystem in India including Krutrim 2 and Krutrim 1 LLMs, Chitrarth, Dhwani , Vyakhyarth 1 and Krutrim Translate 1. It also introduced BharatBench, a tool designed to assess AI models’ effectiveness in Indian contexts.
Founded in 2010, headquartered in Bengaluru, Ola is a travel tech platform. The company offers transport on-demand services for ride-hailing, intercity travel and rental, according to the distance and duration.
The AI space in India has been witnessing a host of developments.
Earlier today, AI-powered platform Presentations.AI has secured $3 Mn (around INR 26.1Cr ) in a Seed Funding round led by Accel Partners.
Similarly, Google reportedly started a pilot to integrate its rich communication services (RCS) with Google Search app to allow users contact businesses directly via AI-powered customer services in India.
Meanwhile a day ago the Centre informed the Parliament that 19,774 individuals have so far been trained in various artificial intelligence (AI) courses under the fourth iteration of the Pradhan Mantri Kaushal Vikas Yojana (PMKVY 4.0).
Presenting her eighth consecutive budget, FM Nirmala Sitharaman on Saturday (February 1) announced that a centre of excellence (COE) in artificial intelligence for education will be set up with a total outlay of INR 500 Cr.
On the same day, IndiaAI Mission sought proposals for Indian foundational models, which will be shortlisted on factors like innovation of the approach, scalability and sustainability, financial viability, and ethical considerations, among others.
