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SoftBank-backed billionaire to invest $230M in Indian AI startup Krutrim
Ola founder Bhavish Aggarwal is set to make a significant investment in his own Indian AI startup, Krutrim. In an announcement that is expected to send shockwaves throughout the industry, Aggarwal has confirmed plans to invest a whopping $230 million into the company.
This substantial injection of capital comes as no surprise, given the incredible progress Krutrim has made in recent times. The AI startup has been making waves with its innovative approach to natural language processing and machine learning, and it’s clear that Aggarwal is committed to backing his own vision.
Krutrim’s latest achievement includes the release of its new AI model, which boasts a staggering 12 billion parameters. This impressive feat is being hailed as a major breakthrough in the field, and it’s no wonder that Aggarwal wants to be at the forefront of this technological revolution.
In addition to this investment, Krutrim has also announced plans to build what it claims will be India’s largest supercomputer in partnership with Nvidia. The implications of this are immense, as it will provide a significant boost to the country’s AI capabilities and cement its position as a major player in the global AI landscape.
It is clear that Aggarwal is committed to making a lasting impact on the industry, and his investment in Krutrim is just one example of this.
Source: techcrunch.com
