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Today: November 22, 2024
January 26, 2024
1 min read

Revolutionizing AI: Ola Electric CEO Strikes Billion-Dollar Valuation for New Venture

TLDR: Ola Electric CEO Bhavish Aggarwal has founded a new AI venture called Krutrim, which has raised $50 million in its first funding round at a valuation of $1 billion. The startup recently unveiled a large language model and plans to launch a beta version in February. Krutrim aims to generate text in Hindi, English, and eight other Indian languages. The funding round comes after Ola Electric filed for an IPO to raise INR 55 billion.

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