The Google-backed InMobi group is doubling down on artificial intelligence (AI), with a $200 million (about Rs 1,720 crore) investment in ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/ai-commerce-platform” target=”_blank”>AI commerce platform Glance AI, and ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/generative-ai-ad-tech” target=”_blank”>generative AI ad tech stack, as it prepares to list on the Indian bourses.
ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/naveen-tewari” target=”_blank”>Naveen Tewari, co-founder of InMobi, told ET, “We have two big bets on AI. One, rel=”dofollow” href=”https://economictimes.indiatimes.com/glance-finance-ltd/stocks/companyid-7068.cms” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank”>Glance AI, is already out, and the GenAI ad stack will be out by the end of this year.”
Tewari said the company is looking to invest another few hundred million on the AI commerce platform, which is launching across 140…
