Sarvam AI, a Chennai-headquartered startup founded in July and developing its own generative artificial intelligence (Gen AI) models, said it has raised $41 million in a Series A round of funding, according to ETtech report. This first round of funding was led by Lightspeed Venture Partners. The other investors are Peak XV, formerly Sequoia India…
Researchers at India’s AI4Bharat are raising $12 million from venture capital firms Peak XV and Lightspeed Venture for an artificial intelligence startup, according to Reuters report. The larger-than-usual seed funding round underscores the growing interest in generative AI, after OpenAI’s ChatGPT dazzled users with its ability to engage in human-like conversations. Most seed rounds are…