The Indian AI business Krutrim, started by Bhavish Aggarwal, has raised $50 million in finance, including contributions from Matrix Partners India. As a result, it has successfully raised unicorn status and secured a valuation of over a billion dollars. Only one month has passed since the corporation unveiled a large broad language model. Krutrim also translates to “artificial” in Sanskrit and it also works on developing data centres in addition to linguistic models. The company intends to expand its product line to include supercomputers and servers designed specifically for the AI ecosystem.
Krutrim’s Diverse Offerings: Beyond Language Models
The fact that Krutrim is the first AI firm from India to be valued at a billion dollars makes its accomplishment noteworthy. The serial entrepreneur Bhavish Aggarwal, who founded the Indian cab/auto/bike ride availing service Ola, is leading Krutrim in the direction of a national AI computing stack. The commitment to building India’s own AI capabilities rather than depending on technology from global heavyweights like the US or China is highlighted in his statement.
India’s Push for Linguistic Diversity in AI
In addition, there is a push in India to create large language models (sometimes called Indic LLMs) in indigenous languages. With the release of OpenAI’s ChatGPT more than a year ago, this trend picked up steam. The goal is to develop domestic AI systems in order to lessen reliance on imported technology. A similar trend is seen in Europe, where investors are investing large sums of money in Mistral AI, a French business that was formed barely a year ago and is currently valued at $2 billion. Furthermore, the Falcon model is being actively promoted by the United Arab Emirates, with backing from a government research centre in Abu Dhabi.
Sarvam’s Contribution
India, a country of 1.4 billion people, is actively concentrating on building more affordable, smaller AI systems. Sarvam which is a generative AI business, is one prominent participant in this space. It just released OpenHathi, an open-source Hindi LLM. Sarvam was able to raise $41 million from investors, including billionaire Vinod Khosla and Lightspeed Venture Partners. The drive to establish India as a major force in the AI space includes the quest for localised language models.
The way that Bhavish Aggarwal sees Krutrim emphasises the need for India to develop its own AI capabilities, which is in line with the interests of the country. The company’s commitment to influencing the direction of AI technology in the nation is demonstrated by its work on building a whole AI computing stack. India hopes to become a powerful force in the global AI ecosystem as its different stakeholders fund and develop their AI projects.
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