SOFTBANK-BACKED BILLIONAIRE TO INVEST $230M IN INDIAN AI STARTUP KRUTRIM

Summary from the TLDR AI newsletter

Bhavish Aggarwal is investing $230 million in his AI startup Krutrim to develop LLMs for Indian languages, aiming to raise $1.15 billion in total. Krutrim has open-sourced its AI models and plans to build India's largest supercomputer with Nvidia. The startup has released Krutrim-2, a 12-billion-parameter model, showing strong performance in Indian language tasks and code generation.