Bhavish Aggarwal to invest Rs 2,000 crore in AI startup Krutrim, unveils open-source models

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Ola founder Bhavish Aggarwal on Tuesday announced a Rs 2,000 crore investment in his artificial intelligence venture Krutrim with a commitment to step it up to Rs 10,000 crore by next year, and said the startup is releasing its AI models to the open-source community.Aggarwal’s announcements on microblogging platform X comes as the race to develop more efficient and cost-effective AI models heats up, especially after the stir caused by Chinese upstart DeepSeek.

Aggarwal did not provide details on the investment. A person familiar with the matter told…



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Bhavish Aggarwal to invest Rs 2,000 crore in AI startup Krutrim, unveils open-source models


Ola founder Bhavish Aggarwal on Tuesday announced a Rs 2,000 crore investment in his artificial intelligence venture Krutrim with a commitment to step it up to Rs 10,000 crore by next year, and said the startup is releasing its AI models to the open-source community.Aggarwal’s announcements on microblogging platform X comes as the race to develop more efficient and cost-effective AI models heats up, especially after the stir caused by Chinese upstart DeepSeek.

Aggarwal did not provide details on the investment. A person familiar with the matter told…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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