Ola Founder Bhavish Aggarwal to Invest Rs 2,000 Crore in AI Company Krutrim

Ola founder Bhavish Aggarwal today revealed an investment of Rs 2,000 crore in his artificial intelligence (AI) firm Krutrim, with a commitment to invest Rs 10,000 crore by next year.

The founder of Ola Electric and Ola Mobility also unveiled the KrutrimAI lab and announced that the company will release Krutrim's work to the open-source community, sharing several of its technical reports.

In an X post, Aggarwal said: “We’ve been working on AI for a year, today we’re releasing our work to the open-source community and also publishing a bunch of technical reports. Our focus is on developing AI for India to make AI better on Indian languages, data scarcity, cultural context, etc.”

He also mentioned that they have deployed India’s first GB200 system in collaboration with Nvidia, which will go live by March. “We aim to make it the largest supercomputer in India by the end of the year,” he added.

Krutrim has released several models to the open-source community, including Krutrim 2 and the Krutrim 1 large language models (LLMs). "Krutrim 1, India’s first LLM, was launched in January 2024 as a basic 7B model. Today, we are unveiling Krutrim 2, which is a significantly enhanced version," said Aggarwal.

The company also introduced Chitrarth 1, a vision-language model built on Krutrim 1, designed to interpret images and documents.

They also launched Dhwani 1, a speech-language model built on Krutrim 1, capable of tasks such as speech translation.

Additionally, Krutrim introduced Vyakhyarth 1, an Indic embedding model designed for use cases like search and retrieval-augmented generation (RAG).