India’s AI race has taken a giant leap forward with Krutrim, the brainchild of serial entrepreneur Bhavish Aggarwal, achieving unicorn status in a record-breaking move. Securing $50 million in funding, Krutrim crossed the coveted billion-dollar valuation just one month after unveiling its large language model. This development marks a significant milestone, not just for the startup but for India’s burgeoning AI landscape.
Krutrim, meaning “artificial” in Sanskrit, isn’t just building language models; it’s aiming for the entire AI ecosystem. Data centers, servers, and even supercomputers are on the horizon for this ambitious venture. This bold vision comes at a time when the global stage is witnessing a fierce competition in developing large language models in diverse languages, known as Indic LLMs.
The spark for this global race was ignited by OpenAI’s ChatGPT release last year. Countries like the US and China have been leading the charge, but the emergence of Krutrim and other Indian players like Sarvam’s OpenHathi signals a new chapter. Smaller, cost-effective models tailored to specific needs are becoming India’s forte, driven by a desire for self-reliance in the burgeoning field of AI.
“India has to build its own AI,” declares Aggarwal, echoing the sentiment of many. Krutrim’s unicorn status, achieved at breakneck speed, serves as a powerful testament to this aspiration. With ambitious plans to build a complete AI computing stack, India’s AI race has just shifted into high gear, sending ripples across the global landscape.
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