India bets on Sarvam AI to grab a slice of pie
Synopsis The central government could end up with a 1-2% stake in AI startup Sarvam, valued at $1.5 billion, as part of its $300 million
Synopsis The central government could end up with a 1-2% stake in AI startup Sarvam, valued at $1.5 billion, as part of its $300 million funding round. This rare instance of equity holding arises from non-cash support provided under the IndiaAI Mission, where the government offered compute infrastructure in exchange for compulsorily convertible debentures.
The BriefWire