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News on Medial
Bhavish Aggarwal's Krutrim AI ignores Ola, says Ather EV is best scooter in India
Livemint
·
1y ago
Medial
Krutrim AI chatbot, created by Ola CEO Bhavish Aggarwal, has faced controversy after naming Ather Energy's 450X Gen 3 as the best electric scooter in India, despite competition from Ola. Krutrim, designed to rival chatbots like Google's Gemini and OpenAI's ChatGPT, made this declaration in response to a user's question. The chatbot highlighted the Ather 450X's top-notch ride quality, performance, and battery features. Krutrim recently launched its own chatbot, Krutrim Assistant, and confirmed that it is based on OpenAI's GPT-3.5 language model.
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Bhavish Aggarwal’s new entity Krutrim SI Designs in talks to raise up to $100 Mn
Entrackr
·
1y ago
Medial
Bhavish Aggarwal's new venture, Krutrim SI Designs, is in discussions to raise funds, aiming for $50 million to $100 million. The startup, with Tenneti Venugopala Krishnamurthy as co-founder, will likely support Ola Electric's operations, focusing on silicon chips, cloud infrastructure, and AI models. Matrix has pledged $15 million, joined by existing and new Ola investors. Aggarwal is also exploring AI startup acquisitions. Ola Electric has expanded, launching new scooter variants and plans to enter electric bike manufacturing.
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Ola Electric’s Bhavish Aggarwal takes a swipe at ‘cute’ Ather Rizta ads
Economic Times
·
1y ago
Medial
Ola Electric founder, Bhavish Aggarwal, took a jab at rival Ather Energy's marketing strategy, stating that "cute ads" won't be effective in the electric vehicle (EV) segment. He suggested that EV companies focus on improving their supply chain and technology to lower product costs instead of investing heavily in marketing and sales. Ola Electric currently leads in the Indian EV scooter market, while Ather recently launched its family scooter, Rizta, to compete with Ola Electric's S1 range. Ola Electric spent Rs 61.4 crore on marketing in FY23, while Ather's advertising expenses surpassed Rs 203 crore.
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Ola group’s continued top-level exits in 2024
Economic Times
·
7m ago
Medial
In 2024, Bhavish Aggarwal's companies, including Ola, Ola Electric, and Krutrim, faced several high-profile executive departures. Key exits included Ola Electric's Suvonil Chatterjee (chief technology officer) and Anshul Khandelwal (chief marketing officer), as well as N Balachandar, Ola group's chief people officer. Ravi Jain, business head of Krutrim AI, also left, alongside others like Sidharth Shakdher (chief business officer) and Kartik Gupta (Ola Cabs' CFO). These resignations were mainly attributed to personal reasons.
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Bhavish Aggarwal's AI bot Krutrim criticises his reply to Kunal Kamra amid feud
News 18
·
10m ago
Medial
Bhavish Aggarwal's AI chatbot Krutrim criticised his reply to comedian Kunal Kamra's criticism of Ola Electric over its customer service. "Got hurt? Felt pain? Come to service centre, there's lots of work. I'll pay better than your flop shows," Bhavish had said. An X user shared Krutrim's advice which said, "The given response doesn't appear professional...It comes across as confrontational."
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The mercurial rise of India-focused LLMs
Livemint
·
1y ago
Medial
Bhavish Aggarwal, CEO of Ola, has unveiled Krutrim, a new company focused on artificial intelligence (AI) technologies. Krutrim has released a large generative AI model trained on Indian languages and also revealed plans for cooling technologies for data centers and designing homegrown silicon chips. The aim is to bridge the digital language divide and enable AI models to understand and generate content in Indian languages. Aggarwal's AI ambitions extend beyond the auto sector and align with Ola group's diverse businesses. Ola Electric is also preparing for an IPO, and Krutrim's products and services may be cross-sold to enhance the offerings of Ola group companies.
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Ola's Aggarwal sets eyes on AI, semiconductor design
TechCrunch
·
2y ago
Medial
Bhavish Aggarwal, co-founder of Ola and Ola Electric, is exploring new avenues including an AI startup focused on language models and scouting U.S. AI startups for acquisition. He's also considering raising over $50 million for the new AI venture and mulling the creation of a semiconductor design firm. Ola leads India's ride-hailing market, while Ola Electric has achieved success in the electric scooter market. Aggarwal's diverse ventures reflect the surge in AI interest and the broader tech economy.
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Ola’s House Of Unicorns
Inc42
·
1y ago
Medial
Bhavish Aggarwal, the founder of Ola, is set to take Ola Electric public, marking the first IPO in a series expected to come from the Ola group. After the listing, Ola Electric will become the first auto sector company in two decades to be listed on the exchanges. Aggarwal's attention will likely shift to Ola, Krutrim, and the company's new verticals following the IPO.
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Bhavish Aggarwal unveils Ola's large language model Krutrim
Economic Times
·
1y ago
Medial
Ola founder Bhavish Aggarwal's unveiled Krutrim, Ola's large language model. Krutrim aims to facilitate various language-based tasks such as transcription, translation, and sentiment analysis, catering to users from diverse linguistic backgrounds. The model leverages Ola's extensive database of user- and driver-generated content to deliver accurate and contextually relevant results. This initiative aligns with Ola's commitment to fostering technological advancements in the Indian market.
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Krutrim cuts more than 100 jobs in second round of layoffs - The Economic Times
Economic Times
·
8d ago
Medial
Ola founder Bhavish Aggarwal's AI company, Krutrim, laid off over 100 employees from its linguistics team in a second round of job cuts, following earlier layoffs in June. The company cites strategic realignment and efficient capital deployment as reasons for building leaner teams. The layoffs followed the launch of Kruti, their AI assistant, and were influenced by funding delays and lack of traction for its products, alongside leadership exits and reduced fundraising plans.
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Ola under fire again: employee suicide sparks fresh criticism of toxic work culture
Economic Times
·
2m ago
Medial
Ola's AI division, Krutrim, is under scrutiny following the suicide of a 25-year-old software engineer, raising concerns about toxic work culture. Reports suggest the employee was overworked, and Ola has previously faced criticism for its hostile environment and aggressive leadership style. Founder Bhavish Aggarwal's management approach has been likened to Elon Musk's, with high expectations and demanding work conditions. Despite backlash, Aggarwal remains unapologetic, emphasizing intense and aggressive work culture.
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