Ola, the popular Indian ride-hailing company, has announced the launch of the Ola Graduate Fellowship Program during a gathering at the prestigious Indian Institute of Technology (IIT) Bombay. The initiative aims to foster talent and nurture young minds in the field of Artificial Intelligence (AI).
Bhavish Aggarwal, the founder of Ola, addressed a crowd of more than 3000 students at IIT Bombay and shared his vision for the fellowship program. Initially, the program will focus on AI researchers at IIT Bombay but will later expand to encompass various engineering disciplines. The goal is to cultivate intellect and contribute to India’s global leadership in AI.
Aggarwal highlighted the transformative power of AI and emphasized the need for India to build its own AI technologies. He expressed Ola’s commitment to developing the best AI in the world, acknowledging India’s unique challenges and opportunities in the AI revolution.
In addition to the fellowship program, Aggarwal announced the significant achievement of his AI startup, Krutrim. With a valuation of $1 billion, Krutrim recently secured $50 million in funding from prominent investors, including Matrix Partners India. This achievement makes Krutrim India’s fastest unicorn and the country’s first AI unicorn.
Krutrim, derived from the Sanskrit word for artificial, is dedicated to constructing the complete AI computing stack. In December 2023, the company unveiled its first set of multilingual large language models (LLM) called Krutrim. These models hold great potential for language-related AI applications.
The Ola Graduate Fellowship Program signifies Ola’s commitment to supporting and nurturing young AI talent in India. By collaborating with leading educational institutions across the country, Ola aims to tap into the potential of brilliant minds and empower them to contribute to India’s AI journey.
As India stands on the brink of an AI revolution, initiatives like the Ola Graduate Fellowship Program and the success of startups like Krutrim are crucial for leveraging the country’s unique opportunities and solving its specific challenges. With the support and cultivation of AI talent, India can establish itself as a global leader in the field.
In the coming weeks, Krutrim is set to release its highly anticipated product, raising even more excitement and anticipation within the AI community. It will be interesting to see how the company’s innovative technology contributes to the advancement of AI applications.
Ola’s announcement of the Ola Graduate Fellowship Program and the success of Krutrim are significant milestones in India’s AI landscape. They demonstrate the country’s commitment to developing homegrown AI technologies and nurturing talent that will drive India’s global leadership in this rapidly evolving field.
With India at the forefront of the AI revolution, initiatives like these will be instrumental in fostering innovation, collaboration, and the development of cutting-edge AI solutions that can address the nation’s unique challenges and make a global impact.
References:
– Ola introduces ‘Ola Graduate Fellowship Program’ at IIT Bombay (hyperlink)
– Bhavish Aggarwal’s LinkedIn post (hyperlink)
– Ola Founder’s AI Startup Krutrim Raises $50 Million (hyperlink)
– Krutrim to Release Groundbreaking AI Product (hyperlink)
