Ola founder Bhavish Aggarwal’s ‘Kritima’ becomes India’s first AI startup firm worth $1 billion – StartUp News

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Krutrim, the AI ​​start up firm of Bhavish Aggarwal, founder and chairman of Ola Electrics, the giant electric scooter manufacturing company in India, has become India’s first AI unicorn. The company issued a statement today, i.e. on January 26, saying that it has achieved unicorn status after receiving funding of $50 million from investors including Matrix Partners India. Let us tell you that any start up company, whose valuation reaches 1 billion dollars, gets the status of unicorn.

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‘Proud to contribute to the vision of a developed India’

Announcing this, Bhavish Aggarwal, Chairman of Pratishik, said, ‘India needs to create its own AI, and at Pratishik, we are fully committed to building the country’s first complete AI computing stack.’

Let us tell you that artificial is a Sanskrit word which means artificial in English language. The goal of this company of Bhavish Aggarwal is to focus on building a complete AI computing stack.

Aggarwal said, ‘As we embark on this journey, we are proud to contribute to the vision of a ‘Developed India’ where innovation and technological prowess will propel our country to regain its ‘Vishwaguru’ status. do.

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Training has been given in many languages

It is noteworthy that Artificial had unveiled its base Large Language Model (LLM) in December 2023. It has been trained by a team of veteran computer scientists from Bengaluru and San Francisco. This model will also help artificial intelligence’s AI assistant to interact. It understands and speaks multiple Indian languages ​​seamlessly.

When will artificial be available?

The company said in the statement that it will be available to users in artificial beta version in February 2024. Additionally, it will also be available as an API for enterprises and developers looking to build AI applications.

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First Published – January 26, 2024 | 5:38 PM IST

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