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IndiGo’s Rahul Bhatia, Former Tech Mahindra CEO CP Gurnani Float AI Venture

Inc42 · 1y ago

IndiGo’s Rahul Bhatia, Former Tech Mahindra CEO CP Gurnani Float AI Venture

Singapore-based company AIonOS, launched by InterGlobe Enterprises and former Tech Mahindra CEO CP Gurnani, aims to provide AI-powered SaaS solutions for travel, transportation, logistics, and hospitality companies. AIonOS plans to streamline decision-making processes and enhance business logic using its native AI platform, IntelliOS. The company will focus on achieving digital transformation across industries through products such as AI custom solutions and data insight engineer. The launch of AIonOS comes at a time when India's Generative AI startup sector is booming, with over 70 local startups securing $440m+ in funding since 2019.

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Tech Mahindra ex-CEO CP Gurnani joins upGrad's board

Inshorts · 1y ago

Tech Mahindra ex-CEO CP Gurnani joins upGrad's board

Former Tech Mahindra CEO CP Gurnani has joined edtech unicorn upGrad's board of directors. He has been appointed as an independent non-executive director on the board. Gurnani retired from his position as Chief Executive Officer and Managing Director at Tech Mahindra last month after working with the company for 19 years.

InterGlobe’s Rahul Bhatia, CP Gurnani launch AI company AionOS

Economic Times

Economic Times · 1y ago

InterGlobe’s Rahul Bhatia, CP Gurnani launch AI company AionOS

Interglobe founder Rahul Bhatia and former Tech Mahindra MD C P Gurnani have partnered to launch AionOS, a joint venture providing AI-enabled solutions to the logistics, travel, transportation, and hospitality sectors. AionOS will utilize AI and machine learning to offer customized solutions and services to integrate and streamline operations in these sectors. Headquartered in Singapore, the company plans to establish offices and fulfillment centres in various locations around the world. While initially focusing on LTTH, AionOS is open to collaborating with clients from other sectors such as banking, retail, and telecommunications.

Union Budget 2025: CP Gurnani calls for more allocation on skilling, compute infra

Economic Times

Economic Times · 7m ago

Union Budget 2025: CP Gurnani calls for more allocation on skilling, compute infra

Ahead of the Union Budget 2025, CP Gurnani, former Tech Mahindra CEO, stresses the importance of allocating more resources to upskilling initiatives and computing infrastructure. With India's technology exports at USD 250 billion, Gurnani advocates for government involvement in education and cost-effective, distributed computing solutions. His confidence in the Modi government's receptiveness to industry feedback highlights the potential for policy support in fostering tech sector growth and enhancing India's digital infrastructure competitiveness.

Sam Altman said India can't build it's own ChatGPT. Tech Mahindra just did it

Livemint

Livemint · 1y ago

Sam Altman said India can't build it's own ChatGPT. Tech Mahindra just did it

Tech Mahindra's Project Indus, led by CP Gurnani, has developed a large-language model (LLM) in just five months for under $5 million. This initiative aims to enable communication in approximately 40 different local languages and dialects in India. Gurnani took on the challenge posed by Sam Altman of OpenAI, who expressed skepticism about India's ability to compete in the LLM space. The success of Project Indus highlights India's growing capabilities in AI and its potential to become self-reliant in technological advancements. Tech Mahindra plans to extend the project to include Bahasa Indonesia as well.

AI can create more jobs than it potentially eliminates: Tech Mahindra's CP Gurnani

Economic Times

Economic Times · 1y ago

AI can create more jobs than it potentially eliminates: Tech Mahindra's CP Gurnani

Tech Mahindra's outgoing CEO, CP Gurnani, believes that generative AI technology has the potential to create more job opportunities rather than eliminating them. While there have been concerns about the impact of AI on job markets, Gurnani asserts that skilled individuals will not be replaced and that new jobs will also be created. He encourages young engineers to adapt to the changing world and independently acquire new skills. This perspective contrasts with the notion that AI could lead to significant job losses.

We need short-term courses to skill 100 million people in fundamentals of AI: CP Gurnani

Economic Times

Economic Times · 1y ago

We need short-term courses to skill 100 million people in fundamentals of AI: CP Gurnani

The article highlights the need to create short-term courses in the fundamentals of AI in order to skill 100 million people and prepare them for the jobs of the future. Indian IT industry veteran CP Gurnani suggests that by enabling education with AI and providing introductory courses, individuals can tap into future opportunities. The article also emphasizes the importance of collaboration between the tech industry, academic institutions, and governments to shape the talent pipeline for AI-related jobs in the global market.

InCred CFO Vivek Bansal Quits To Float His Own NBFC Venture

Inc42 · 11m ago

InCred CFO Vivek Bansal Quits To Float His Own NBFC Venture

Vivek Bansal, former group CFO of InCred, has resigned and is planning to launch his own NBFC venture called Saarathi Finance. Bansal is collaborating with Sunil Daga, president of Kotak Mahindra Bank, for this venture. Saarathi Finance is currently seeking approval from the RBI and is in discussions with investors to raise INR 600 crore at a potential valuation of INR 1,000 crore.

Former Alibaba, 9Unicorns execs float VC fund

VCCircle

VCCircle · 1y ago

Former Alibaba, 9Unicorns execs float VC fund

Former Alibaba India investment head Raghav Bahl and former partner of venture capital firm 9Unicorns Soham Avlani have partnered to launch a new venture capital firm called Promaft Partners. The firm aims to invest in early-stage companies with a strong product-market fit.

Angel One Partners Livwell To Float Digital-First Insurance Co

Inc42 · 1m ago

Angel One Partners Livwell To Float Digital-First Insurance Co

Angel One plans to partner with Singapore-based Livwell to establish a "digital-first" life insurance company. Angel One will hold a 26% stake, while LivWell will own 74%. The joint venture entails a capital infusion of INR 400 crore. Wilf Blackburn, former regional CEO of Prudential Asia, is proposed to chair the JV, with Livewell CEO Nikhil Verma as the CEO of the new entity. Regulatory approvals are pending for the deal.

InterGlobe Enterprises, CP Gurnani launch AI business venture

Economic Times

Economic Times · 1y ago

InterGlobe Enterprises, CP Gurnani launch AI business venture

InterGlobe Enterprises and industry veteran C P Gurnani have partnered to launch AIonOS, an artificial intelligence business venture. The joint venture aims to assist businesses in accelerating their digital transformation through AI-based solutions. InterGlobe, a diversified group with interests in travel, transportation, logistics, and hospitality, is the majority stakeholder in the Singapore-based company, which will be headed by Gurnani. AIonOS will enhance human and system capabilities by leveraging artificial intelligence technology.

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