SARVAM AI
Want a slice of AI pie? Here's what it will cost stock market investors
Retail investors are now viewing AI as a promising investment frontier, with significant potential for gains by investing in leading companies in this field. Nvidia, a maker of AI chips, has seen its stock surge threefold in the past year, making it one of the most valuable companies in the world with a market capitalisation over $3 trillion.
LLM for BFSI sector, personal AI server launched
Indian AI startups introduced innovative AI models and products at Adbhut India. The event highlighted diverse applications, including large language models, voice-enabled systems, and AI tools for various sectors, showcasing India's potential as an AI use case capital.
Pine Labs-owned Setu teams up with Sarvam AI to build LLM for financial services
Pine Labs developed Sesame, a large language model for BFSI in India, with Setu and Sarvam AI. Sesame leverages financial data for credit underwriting, fraud detection, loan monitoring, and finance advice, emphasizing the account aggregator framework and Applied AI.
Abu Dhabi’s 3AI, SML in pact to jointly own Indian genAI platform Hanooman
Abu Dhabi's 3AI Holding partners with Seetha MahalaxmiHealthcare and IIT Bombay to co-own 'Hanooman.' Investment undisclosed. Relocating tech team, shifting base to India. Omega AI model integration. Focus on Indian market, diverse sectors, and enterprise solutions.
Yotta Data Services to offer cheapest AI compute rates globally, says CEO
Yotta Data Services, partnering with NVIDIA, aims to provide competitive AI compute capacity. Leveraging unique market position, it plans to reach breakeven in 2-3 years on a $1B investment. The company also participates in the AI Mission initiative.
Meet India’s own ChatGPT-style AI model Hanooman
The first version of ‘Hanooman’, an artificial intelligence model that can generate both text and speech in several Indian languages, is scheduled to be released in late March.
Sarvam AI to launch voice-to-voice endpoint tool in the next six to twelve months
Sarvam AI released its first open-source Hindi language model called OpenHathi-Hi-0.1 in December last year. The firm said the AI model is the first in a series of models which will “make contributions to the ecosystem with open models and datasets to encourage innovation in Indian language AI.”
Ola founder Bhavish Aggarwal’s Krutrim AI launches chatbot in beta mode
The chatbot launched is called Krutrim Assistant and works as a personal generative artificial intelligence assistant that employs over 10 languages in its responses. It competes with the likes of ChatGPT, Gemini ad Llama.
Experts urge govt to invest in open data, compute for AI leadership
India's success in the global AI race depends on open data, open compute, and open models. The government needs to invest in creating enabling conditions, including solving the compute crunch, supporting startups, and prioritizing critical sectors. Existing frameworks are sufficient to regulate AI.
RBI says Paytm’s non-compliance forced action; Zomato’s Q3 report card
Without naming a specific entity, RBI Governor Shaktikanta Das said the regulatory action was driven by a “lack of compliance”.
Microsoft partners with Chennai-based Sarvam AI for genAI tools
Sarvam AI is building genAI models targeting Indic languages and context, it said in a statement, but did not immediately provide financial details of the partnership.
Indian publishers seek rules for copyright protection against generative AI models
Digital News Publishers Association (DNPA) has sent a letter and made representations to the ministries of electronics and information technology and information and broadcasting, seeking protection from likely copyright violations by AI models.
AI4Bharat releases Hindi LLM ‘Airavata’
Airavata was created using SarvamAI’s foundational Hindi model OpenHathi with diverse, instruction-tuning Hindi datasets to make it better suited for assistive tasks, the research wing said in a blogpost.
Agri LLM Dhenu 1.0 on pilot to seed a new AI revolution
Launched by agricultural AI startup Kissan AI’s founder Pratik Desai last month, the large language model is named after Kamadhenu, a divine bovine-goddess described in Hinduism as the mother of all cows and is trained on high-quality conversational datasets, specially focused on Indian agriculture practices.
Hindi LLM maker Sarvam AI to open platform for business
Founded by former AI4Bharat researchers Vivek Raghavan and Pratyush Kumar in July, Chennai-headquartered Sarvam is planning to release models in other Indian languages in the coming weeks.
Ola, SarvamAI announce their large language models
In two separate developments on Wednesday, mobility unicorn Ola and AI startup SarvamAI have announced their large language models (LLMs) trained to generate text in Hindi.
AI innovation key to solve problems faced by large companies: Peak XV’s Rajan Anandan
India has $20 billion of venture capital dry powder, and “the number one theme that we're all going after is AI,” Peak XV Partners managing director Rajan Anandan said, adding that AI innovation will be used to solve problems faced by large companies globally.
Generative AI startups defy funding winter, raise record $10 billion in 2023
Startup funding has been subdued in 2023 with $224 billion in total venture capital funding (as on December 8) globally, falling 65 per cent since 2021 when startups raised a record $655 billion.
ETtech Deals Digest: Boosted by investment in Sarvam AI, Indian startups raise $108 million this week
Investment in startups fell 79% in the December 4-8 week, from $514 million across 38 funding rounds in the same period a year ago. Sequentially, however, funding activity saw a surge of 81%, compared to $59 million raised across 18 rounds, last week.
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