The deal comprises about $600 million in primary equity from Blackstone and co-investors, with plans to add up to another $600 million in debt financing for expansion. Unlike consumer-facing AI tools, Neysa occupies the layer beneath—the compute infrastructure and essentially the Graphics Processing Unit (GPU)-powered data centers that train and run AI models. The company…
Sarvam AI, the IIT Madras-incubated artificial intelligence startup that launched three foundational models on Wednesday, will seek commercial success with a ChatGPT-like application, which it plans to launch soon. This application, Sarvam cofounder Vivek Raghavan told mint in an interview, is part of the company’s long-term monetization efforts as it looks to start generating revenue….
NEW DELHI : : The next phase of India’s AI Mission will pivot toward building a marketplace to commercialize the models and applications built by the startups that were funded in its initial tranche, Abhishek Singh, additional secretary at the ministry of electronics and IT (MeitY) and chief executive of the IndiaAI Mission, said in…
India’s first foundational artificial intelligence models launched on Wednesday, marking a leap for the country targeting a leadership role in the transformative technology sweeping the world. Bengaluru-based Sarvam AI, backed by investors such as Peak XV and Vinod Khosla, unveiled three foundational AI models with 3-billion, 30-billion and 105-billion parameters. The company, the first to…
India’s flagship IndiaAI Mission, backed by the Ministry of Electronics and Information Technology (MeitY), has set a Guinness World Records title in partnership with Intel India after collecting the highest number of pledges for an AI responsibility campaign within a 24-hour window. The nationwide initiative, launched on February 16 at 8:00 am IST, is positioned…
NEW DELHI: India’s AI Impact Summit 2026 is emerging as an early gauge of whether the country’s state-backed artificial intelligence (AI) startups can demonstrate meaningful progress in a rapidly shifting global AI landscape, as companies backed under the government’s India AI Mission prepare to showcase their models this week. The summit opened to a stuttered…
After initially pushing for DeepSeek-like large language models (LLMs) last year, the Center has recalibrated its stance. The emphasis now is on building smaller AI models tailored for enterprise use cases. Startups, too, say it is “too early” to unveil sweeping LLMs capable of competing with US and Chinese counterparts. The AI Impact Summit, scheduled…
India’s first pure-play AI IPO comes at a 26% discount. But behind the 70x multiple lie sticky global clients, volatile margins, and a founder-led model where one misstep could change the story. Is scarcity enough? Source
The proposed initiative follows earlier US-led efforts such as the 2022 Mineral Security Partnership and the more recent Quad Critical Minerals Initiative. Together, these pacts reflect a growing effort by Washington and its allies to align technology, critical minerals and geopolitics, as competition with China intensifies. mint explains what Pax Silica is and why it…
