The Latest Breaking News from Sarvam

Sarvam plans big fundraise; HCLTech's Q2 profit jumps

Happy Tuesday! Sarvam is in talks for a big round that could double its valuation to $3 billion. This and more in today’s ETtech Morning Dispatch.

The Economic Times · Oct 13

Sarvam AI updates vision model, doubles down on Indic-language push

Sarvam launched the original vision model in February as part of its efforts to build homegrown, "sovereign" AI systems tailored to India. The model was designed to read scanned documents and images and convert them into usable digital text, a task known as optical character recognition (OCR).

The Economic Times · Sep 25

IndiGo Ventures backs sovereign AI firm Sarvam in ongoing Series B funding round

The investment by the corporate venture capital arm of IndiGo builds on an existing relationship between the two entities. Both companies previously collaborated to deploy artificial intelligence technologies aimed at enhancing passenger experience, assisting airline staff, and streamlining operational workflows across IndiGo's network.

The Economic Times · Aug 29

Sarvam AI plans trillion-parameter model, sets sights on competing with ChatGPT, Gemini and Claude

Sarvam AI plans a trillion-parameter model to rival global AI leaders. The company's existing voice AI is cost-effective and performs well. An office in the US will recruit Indian-origin AI researchers. Sarvam AI aims to manufacture intelligence and achieve technological self-reliance. New products and platforms were unveiled at their developer…

The Economic Times · Jul 31

HCLTech to invest $1.48 billion in AI data center, open 5,000-seat tech hub

HCLTech will invest $1.48 billion to set up its first AI data centre in Odisha with Sarvam AI, as Indian IT firms expand into AI infrastructure. The Bhubaneswar project will offer full-stack AI solutions, while HCLTech will also open a technology centre employing 5,000 people by 2028.

The Economic Times · Jul 24

HCLTech to set up Rs 14,257 crore AI data centre in Odisha with Sarvam

HCLTech will establish its first AI Data Center in Odisha. This significant project involves a capital outlay of Rs 14,257 crores. The initiative aims to boost India's sovereign AI capabilities and local developer ecosystem. It will leverage HCLTech's AI expertise and Sarvam's foundation models. This investment supports India's growing data…

The Economic Times · Jul 24

From OpenAI to Sarvam, governments may want skin in the AI game

Governments are exploring ownership stakes in leading AI firms like OpenAI and Sarvam AI, signaling a shift in viewing artificial intelligence as a strategic national asset. This move goes beyond traditional regulation, aiming for a say in decision-making and ensuring public benefit from AI's immense potential. Such proposals suggest a…

The Economic Times · Jul 2

Sarvam gets state backing; Andy Jassy’s India visit

Happy Thursday! The Indian government may soon end up taking a stake in Sarvam AI. This and more in today’s ETtech Morning Dispatch.

The Economic Times · Jun 25

IndiaAI backing could make government a minority shareholder in Sarvam

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…

The Economic Times · Jun 25

ETtech Deals Digest: Sarvam mega round lifts startup funding to $403 million this week, up 36% on-year

Indian startups secured a significant $402.6 million in funding across 20 deals, with AI firm Sarvam leading the pack with a $234 million investment. This marks a substantial increase from the previous week, highlighting robust investor confidence. Early-stage ventures dominated the funding landscape, securing over 73% of the total capital.

The Economic Times · Jun 19