Krutrim, an artificial intelligence startup founded by serial entrepreneur Bhavish Aggarwal, cofounder of Ola Electric, has achieved unicorn status, securing a remarkable $50 million in funding, with Matrix Partners India among the investors. Notably, this accomplishment comes just a month after the introduction of a significant language model by the company. Krutrim, translating to “artificial” in Sanskrit, proudly claims the title of the first Indian AI startup to reach a billion-dollar valuation. In a blog post, the company revealed its plans to expand beyond language models, venturing into the development of data centres. The long-term vision includes the creation of servers and supercomputers dedicated to serving the evolving needs of the AI ecosystem. The race to build large language models in Indian languages, known as Indic LLMs, has intensified among various Indian startups and academic groups. This surge in activity follows the unveiling of OpenAI’s ChatGPT over a year ago...
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