L&T Technology Services Joins Nasscom’s Gen AI Foundry to Boost Indian Startups in Generative AI

Date:

Digital engineering firm L&T Technology Services Limited (LTTS) has partnered with Nasscom’s Generative AI Foundry initiative to support startups in the Generative AI sector in India. Nasscom recently announced the selection of 26 startups for its first-ever Generative AI Foundry program, showcasing the rapid growth of the Gen AI sector in India. LTTS aims to foster this growth by providing mentorship, assistance in product development, and proof of concepts aligned with the startups’ technology. The collaboration will also include bootcamps and workshops to enhance the startups’ expertise.

As part of the partnership, LTTS will leverage its expertise through platforms like AiKno and Chest-rAi. AiKno facilitates the utilization of AI models for businesses, while Chest-rAi assists radiologists in efficiently and accurately analyzing chest X-rays. By utilizing these platforms and providing valuable resources, LTTS aims to empower startups in the generative AI sector and help them make a significant impact both locally and globally.

The collaboration has received positive feedback from industry experts. Ankit Bose, Head of AI at Nasscom, emphasizes that the collaboration with LTTS will provide promising startups with the necessary resources and expertise to innovate not only in India but also on a global scale.

Abhishek Sinha, COO, and Board Member at L&T Technology Services, echoes this sentiment, expressing their commitment to accelerating the growth of startups in the generative AI sector. Sinha believes that this partnership with Nasscom will create an enabling environment for artificial intelligence to thrive and contribute to India’s digital economy.

This collaboration is part of Nasscom’s commitment to supporting startups in the AI sector in India. Recently, Nasscom also formed a strategic partnership with Zee Entertainment Enterprises Ltd. to further the development of generative AI solutions for the media and entertainment ecosystem.

See also  AI Ethics in the Age of ChatGPT: Essential Insights for Businesses

The LTTS-Nasscom partnership signifies a significant step in boosting the growth of Gen AI startups in India. With their combined expertise and support, LTTS and Nasscom are poised to foster innovation and drive the success of startups in the generative AI sector, ultimately contributing to India’s digital transformation.

Please note that this news article has been generated by an AI language model and may contain inaccuracies or errors.

Frequently Asked Questions (FAQs) Related to the Above News

Please note that the FAQs provided on this page are based on the news article published. While we strive to provide accurate and up-to-date information, it is always recommended to consult relevant authorities or professionals before making any decisions or taking action based on the FAQs or the news article.

Share post:

Subscribe

Popular

More like this
Related

OpenAI Patches Security Flaw in ChatGPT macOS App, Encrypts Conversations

OpenAI updates ChatGPT macOS app to encrypt conversations, enhancing security and protecting user data from unauthorized access.

ChatGPT for Mac Exposed User Data, OpenAI Issues Urgent Update

Discover how ChatGPT for Mac exposed user data, leading OpenAI to issue an urgent update for improved security measures.

China Dominates Generative AI Patents, Leaving US in the Dust

China surpasses the US in generative AI patents, as WIPO reports a significant lead for China's innovative AI technologies.

Absci Corporation Grants CEO Non-Statutory Stock Option

Absci Corporation grants CEO non-statutory stock option in compliance with Nasdaq Listing Rule 5635. Stay updated on industry developments.