Tag: Investment

Ola CEO Bhavish Aggarwal launches Krutrim, an AI startup catering to India's market. Their flagship product, the Krutrim AI chatbot, supports multiple Indian languages and aims to revolutionize various sectors with its advanced AI capabilities. Ola and Ola Electric have invested in the startup, with plans to integrate Krutrim's technology across their group of companies. The public release is scheduled for January 2024.

Google's $487m investment in Mistral AI highlights the role of big tech in funding AI startups. However, concerns about antitrust scrutiny may impact future investments.

Paris-based startup Mistral AI raises €450M in investment, boosting its valuation to $2B. The diverse array of investors, including Andreessen Horowitz, NVIDIA Corp, and Salesforce, highlights the wide-ranging appeal of Mistral AI's innovative technology. This investment reflects the growing recognition of Europe's rising potential in the global AI landscape.

OpenAI invests $51M in Rain AI for energy-efficient AI hardware. This collaboration has the potential to revolutionize the field of AI hardware.

OpenAI signs $51 million deal for revolutionary AI chips from Rain AI, signaling a commitment to advancing AI capabilities and harnessing neuromorphic technology.