Krutrim, an Artificial Intelligence start-up launched by Ola founder Bhavish Aggarwal, has rolled out an AI chatbot in public beta, similar to OpenAI’s ChatGPT and Google’s Gemini.
India’s first AI unicorn
The launch comes a month after Krutrim disclosed a $50-million financing at $1-billion valuation, to become the country’s first start-up unicorn in 2024. The company mentioned that it is the first AI unicorn in the country.
The chatbot, which has the same name as the company (Krutrim), was announced in December. It is the firm’s first product, which will be powered by its multilingual large language models (LLM), also called Krutrim.
Features of AI models
Krutrim unveiled its AI models in December last year. At the time, the start-up also showcased the AI chatbot. Krutrim’s AI models can understand over 20 Indian languages and generate text in 10 Indian languages, including Bengali, Tamil, Malayalam, Gujarati, and Marathi. A higher and more sophisticated version, Krutrim Pro is anticipated to be available in Q4 FY24.
Krutrim’s ambitions
Krutrim, ‘artificial’ in Sanskrit, will come in two sizes: a base model named Krutrim trained on 2 trillion tokens and unique datasets, and a larger, more complex model called Krutrim Pro, launching next quarter for advanced problem-solving and task execution capabilities.
Krutrim Pro, launching in Q4 FY24, will be multimodal in nature, which means it can understand and work with different formats, including text, audio, image, and video, at the same time. It will also have larger knowledge, advanced problem-solving and task execution capabilities.
Way Forward
The start-up is working on building AI infrastructure, developing indigenous data centres and aims to eventually get into server-computing, edge-computing, and super-computers. The start-up is also working on manufacturing AI-optimised silicon chips.
India’s Unicorns in 2023
In December 2023, Fintech company InCred has struck a valuation of over 1 billion dollars becoming the latest unicorn of the country. It is the second unicorn of the year after Zepto, the e-commerce app which delivers grocery. In 2023, only two companies managed to become unicorns.
