Bhavish Aggarwal, the founder of Ola, announced that INR 2,000 Cr would be invested in his AI unicorn Krutrim, with a further INR 10,000 Cr promised by the end of the year.
A few days after Krutrim stated that it was hosting open-source AI models of the Chinese GenAI business DeepSeek on its cloud platform, Aggarwal also announced the opening of a cutting-edge artificial intelligence research facility, Krutrim AI lab.
We’ve been working on AI for a year, but now we’re publishing some technical reports and making our work available to the open-source community. In a blog, Aggarwal stated, “Our goal is to develop AI for India—to improve AI on Indian languages, data scarcity, cultural context, etc.”
Also Read: Krutrim AI Assistant Debuts in Ola Electric Scooters with MoveOS5: A Game-Changer in EV Technology
He went on to say that this calculated investment demonstrates our commitment to promoting AI innovation and bolstering India’s standing in artificial intelligence.
Several models, including Krutrim 2 and Krutrim 1 LLMs, Chitrarth, Dhwani, Vyakhyarth 1, and Krutrim Translate 1, have been released by Krutrim AI Lab to redefine the AI environment in India. Additionally, it unveiled BharatBench, a platform for evaluating the efficacy of AI models in Indian settings.
Ola is a travel technology platform that was founded in 2010 and has its headquarters in Bengaluru. Depending on the route and length, the company provides ride-hailing, interstate travel, and rental transportation services on demand.
Numerous advancements have been made in India’s AI field.
According to reports, Google also began a test program to connect its rich communication services (RCS) with the Google Search app. This will enable consumers in India to contact businesses directly through AI-powered customer support.
Also Read: What is Ola Maps? Free Accessibility, Offerings, and How It is Different from Google Maps
A few days before, the Center told the Parliament that 19,774 people had received training in various artificial intelligence (AI) courses as part of Pradhan Mantri Kaushal Vikas Yojana’s fourth iteration (PMKVY 4.0).
A center of excellence (COE) in artificial intelligence for education would be established with a total investment of INR 500 Cr, FM Nirmala Sitharaman declared on Saturday, February 1, when she presented her seventh consecutive budget.
The IndiaAI Mission requested submissions for Indian fundamental models that same day. These would be shortlisted based on several criteria, including approach innovation, scalability and sustainability, financial viability, and ethical considerations.
