HCLTech buys 10.46% stake in Sarvam AI for ₹1,427cr
Business
HCLTech just put ₹1,427 crore into Sarvam AI, a dedicated AI startup in India, snagging a 10.46% stake.
The move shows HCLTech is serious about growing in the AI space, and investors noticed too: its shares jumped over 2% on Tuesday, June 16.
Sarvam AI LLM.ai enables custom apps
Sarvam AI, builds generative AI tools for industries like banking, healthcare, and retail; its main product LLM.ai helps businesses create custom AI apps.
On the global front, NVIDIA is raising $25 billion through bonds to increase liquidity for the first time since 2021.