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Jayant Mundhra
•
Dexter Capital Advisors • 1d
I find it so crazy, the way the global AI champions are growing in size and scale. Was reading Bloomberg, and came across this data on Anthropic (the maker of Claude AI): - In Dec, it had an annualised revenue rate of $1bn - It doubled that to $2bn by the end of March (in 3 months) - And it has ended May at $3bn (~50% growth in 2 months) This rate is faster than what OpenAI reported last year, which already was the fastest growth rate ever reported by any tech company at that scale. .. And this should explain why India needs its own AI champions. - China has a big list of AI tigers, beyond the tech giants like Alibaba, Baidu, Tencent and Bytedance - The US has OpenAI, Anthropic, Grok, Perplexity, Google (Gemini) and so on - France and Europe have Mistral AI - UAE has Falcon And what does India have? If we don’t build in this arena, we will become the biggest consumer of Western companies in one more frontier tech. And that won’t be a nice place to be in. .. Why am I saying this? Because, a few days ago, the Govt of India-backed Sarvam AI released its flagship model for public use. - It was mocked by many, not on tech, but on how many people had even tried it on Huggingface - But, the truth is, that’s more because Indians lack confidence, that we can even build something world-class in the frontier tech And all that’s needed is one proof, to boost that confidence. Thus, when I see Sarvam doing what its doing, I see possibilities. I see India having a shot. And I say that not just for Sarvam, but also for Paras Chopra’s Lossfunk and SoketAI, Gnani AI, and Gan AI that have also got Govt as a backer. All we need is one of them to shine out at the global stage. Just one!
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