

Metaverse
Ola cofounder’s AI venture keeps most details away for the future – Crypto News
The company will design its own chips over the next six months, which will be focused on efficiency, he claimed. However, Krutrim is yet to release any technical documentation on the model and details on the company’s approach towards industry adoption also remain unanswered as of now.
In a demonstration of the model, Aggarwal said that the eponymous AI model was trained on 2 trillion tokens—a size more or less in line with large foundational models released by global firms such as OpenAI, Meta and Google. He also added that a chatbot based on the Krutrim model can “write and speak in 10 Indian languages, and can understand 22.” Work on the model, Aggarwal added at a media roundtable post-announcement, had begun “roughly a year ago.”
“We’re also building our own technology for data centres—not just the physical investment into data centres, but also the technology. This is because it is important to make data centres more efficient to bring down cost, and to make it a greener, more sustainable solution,” he said. “In India, we need to design our own silicon chips for building this.”
However, key details such as potential enterprise client conversations, the source of the data on which the models are being trained, and details on data centre and chip investments were not shared.
Speaking about the ownership of the venture, Aggarwal said, “Krutrim is a separate business altogether. It is not going to be integrated at a transactional level. There are some entities that I own 100%—this is under my company, and not part of Ola or Ola Electric’s corporate structure.”
He also added that while Krutrim has “some investments into it,” the details were not publicly disclosed.
Aggarwal’s announcement comes amid a time of heightened interest in India-specific AI platforms as well as use cases. The centre is set to unveil its AI policy under the India AI programme on 10 January, which will include a policy framework for public-private partnership models on development of AI databases in Indic languages, as well as indigenous compute capacities, said union minister of state for IT, Rajeev Chandrasekhar, in an interview with Mint on Thursday.
The government, under the ministry of electronics and IT (Meity), already has Bhashini—a Centre-backed project under the Digital India initiative to create local language datasets and AI applications. Industry, researchers and academia have for long clamoured for access to better, more structured data and access to affordable compute on the cloud. On 16 April, Mint reported that these were crucial challenges that a number of top Indian universities continue to face in applied AI research projects.
Ola’s efforts to tap the AI market are likely an effort to address the government’s focus on AI, and growing industry needs.
Speaking about how Krutrim will tie in with Bhashini, Aggarwal said, “A lot of these projects are academia or research-oriented projects, rather than large scale commercial deployments. We look at a need for India’s own language model as very foundational, and to really build strong, capable foundational models needs a lot of investments into capital, compute bandwidth, and more, as well as a lot of core technology architectures, and a lot of data that we need to collect, process, ingest, and then create well-executed products for consumers. So, this is an effort that needs organizations, versus research efforts.”
Adding further on where the data, which every stakeholder has flagged as a challenge so far, was sourced from, Aggarwal said, “I can’t share my data sources publicly, but we have a lot of data operations efforts. We have proprietary datasets that we gathered over the last year. We have data partnerships, as well as open platforms that we sourced from. But it’s not just about the scale of data—it’s also about how you process the data.”
Industry stakeholders flagged what could be concerns in Krutrim’s initial unveiling. Kashyap Kompella, chief executive of tech consultancy firm RPA2AI Research, said that each area addressed by Aggarwal’s Krutrim “are capital-intensive, with long gestation periods.” He also added that if the venture seeks serious industry credentials, key steps would be to open-source the model, as well as release a technical whitepaper in line with industry standards.
A second senior industry consultant, who requested anonymity, further added that clarifications would be sought from Krutrim on its sources of data, and how it would intersect with Bhashini—which is already building AI use cases and applications. “Developing silicon design and data centres could cumulatively be billion-dollar efforts—opening them up right at the onset could be amply challenging,” the consultant added.
Milestone Alert!
Livemint tops charts as the fastest growing news website in the world 🌏 Click here to know more.
Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it’s all here, just a click away! Login Now!
Download The Mint News App to get Daily Market Updates.
Published: 15 Dec 2023, 08:30 PM IST
-
Blockchain1 week ago
The CFO and Treasurer’s Guide to Digital Assets – Crypto News
-
Cryptocurrency3 days ago
Pi Community Highlights Pi Coin’s Slow Growth As ‘Strategic’ – Crypto News
-
Cryptocurrency1 week ago
Solana Price Upside Prevails After Securing Key Support, $127 In Focus – Crypto News
-
Business1 week ago
Ethereum Whales Sell On Rise, Will This ETH Price Bounce Sustain? – Crypto News
-
Blockchain7 days ago
How to mine Bitcoin at home in 2025: A realistic guide – Crypto News
-
Blockchain6 days ago
CZ claps back against ‘baseless’ US plea deal allegations – Crypto News
-
Business1 week ago
Crypto Liquidations Hit $573 Million as BTC, ETH Sees rebound – Crypto News
-
Technology1 week ago
Microsoft’s Greatest Hits and Epic Fails: A 50-Year Wild Ride – Crypto News
-
Cryptocurrency1 week ago
BTC Risks Further Downside if it Fails to Reclaim This Resistance – Crypto News
-
Business1 week ago
US Senate Confirms Pro-Crypto Paul Atkins As SEC Chair – Crypto News
-
Cryptocurrency1 week ago
OpenAI Countersues Elon Musk, Accuses Billionaire of ‘Bad-Faith Tactics’ – Crypto News
-
Blockchain1 week ago
Bitpanda secures third MiCA license in home jurisdiction of Austria – Crypto News
-
Metaverse1 week ago
Amul girl to Nirma: Viral AI video brings classic Indian mascots to life, users stir debate over ethics – Crypto News
-
Blockchain1 week ago
BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LEO, LINK, AVAX – Crypto News
-
Cryptocurrency1 week ago
DOGE Price Moves as Dogecoin Whales Go on Buying Spree – Crypto News
-
Technology1 week ago
Dogecoin Price Gearing for A 3X Rally Amid DOGE Whale Accumulation – Crypto News
-
Technology7 days ago
How to transcribe and translate YouTube videos for free using Gemini 2.5 Pro? Check our step-by-step guide – Crypto News
-
others7 days ago
Binance Issues Important Update On 10 Crypto, Here’s All – Crypto News
-
Cryptocurrency7 days ago
Professor Coin: What’s Driving Cryptocurrency Adoption Around the World – Crypto News
-
others7 days ago
Ripple Community Remains Disappointed With Hinman Report, What’s Next? – Crypto News
-
others6 days ago
Mexican Peso ends week strong as USD plunges on China tariff retaliation – Crypto News
-
Cryptocurrency6 days ago
Shiba Inu [SHIB] price prediction – A 70% rally next after 900%+ burn rate hike? – Crypto News
-
Metaverse6 days ago
Forget DeepSeek. Large language models are getting cheaper still – Crypto News
-
Technology6 days ago
Apple ramps up India production amid China uncertainty, assembles $22 billion worth iPhones in a year – Crypto News
-
Blockchain4 days ago
On-Chain Clues Suggest Bitcoin Bounce Might Be a False Signal—Here’s What to Know – Crypto News
-
Blockchain2 days ago
Bitcoin online chatter flips bullish as price chops at $85K: Santiment – Crypto News
-
Business2 days ago
Cardano (ADA) and Dogecoin (DOGE) Eye For Bullish Recovery – Crypto News
-
Technology1 day ago
Expert Predicts Pi Network Price Volatility After Shady Activity On Banxa – Crypto News
-
Cryptocurrency1 week ago
Galaxy’s imminent US listing reflects SEC change – Crypto News
-
others1 week ago
Crypto Products See $240,000,000 in Outflows Likely in Response to US Tariff Threats: CoinShares – Crypto News
-
Technology1 week ago
Best water purifiers in India April 2025: Which one saves maintenance costs while providing pure, safe drinking water? – Crypto News
-
Technology1 week ago
What It Means for NFT Traders – Crypto News
-
Blockchain1 week ago
SEC drops suit against Helium for alleged securities violations – Crypto News
-
Blockchain1 week ago
NY attorney general urges Congress to keep pensions crypto-free — ‘No intrinsic value’ – Crypto News
-
Technology1 week ago
iQOO Z10 5G, Z10x 5G launched in India, price starts at ₹13,499. Check full price, specs and more – Crypto News
-
Metaverse1 week ago
Google launches Gemini 2.5 Flash—Ideal for chatbots, assistants and instant summarisation – Crypto News
-
Business1 week ago
Cosmos Debuts Eureka to Bridge Ethereum – Crypto News
-
Blockchain1 week ago
Breakout To $1,800 With These Two Supply Zones – Crypto News
-
others1 week ago
GBP advance lags core peers – Scotiabank – Crypto News
-
others1 week ago
Russia Consumer Price Index (MoM) down to 0.65% in March from previous 0.8% – Crypto News
-
Blockchain1 week ago
Ethereum Capitulation Nearing Its End? Key On-Chain Metric Reveals Insights – Crypto News
-
Cryptocurrency7 days ago
Fusaka fork takes shape as Pectra enters final stretch – Crypto News
-
others7 days ago
There is more work to do on inflation – Crypto News
-
Business7 days ago
Bankless Cofounder David Hoffman Reveals Strategy To Improve Ethereum Price Performance – Crypto News
-
Blockchain7 days ago
XRP Price To Hit $45? Here’s What Happens If It Mimics 2017 And 2021 Rallies – Crypto News
-
Cryptocurrency7 days ago
Bitcoin – Here’s what’s next after sellers near exhaustion levels – Crypto News
-
others7 days ago
On-Chain Indicator Suggests Ethereum (ETH) Could Be Undervalued, According to Crypto Analyst – Crypto News
-
Technology6 days ago
Price drop on 43 inch TVs: Grab the best deals on Samsung, Sony, Xiaomi and more, up to 57% off – Crypto News
-
others6 days ago
Dow Jones recovers ground to post one of its best weeks in years – Crypto News
-
Technology6 days ago
Apple spends the most on this one iPhone component. Hint: It’s not the chip – Crypto News