India launches its own chatgpt 🫡| Krutrim Ai #shorts #casestudy #business #startup

Startup brothers
22 Feb 202400:59

TLDRBhaavish Aggarwal, the founder of Ola and Flipkart, has launched a new AI chatbot named Kritam, marking his third venture after two unique unicorns. Kritam is designed to converse in over 20 Indian languages, showcasing India's potential to lead in the AI sector. Matrix Partners India has invested a total of $50 million in the company, elevating its valuation to $1.1 billion. The launch event highlighted India's journey from being a leader in software to aspiring to be a leader in AI, inviting viewers to subscribe for more insights on startups and business.

Takeaways

  • 🚀 The transcript discusses the launch of a chat-based AI named 'Kritram' by 'Jeetendra Agrawal'.
  • 🌟 Kritram is Jeetendra Agrawal's third company, following the success of 'LA' (electric vehicle) and 'LACAP'.
  • 💼 Kritram has been valued at $1.1 billion after Matrix Partners India invested $50 million, making it a unicorn in just a few months of launch.
  • 🇮🇳 This marks India's first AI company to achieve unicorn status.
  • 🗣️ Kritram's AI model can converse in over 20 Indian languages, indicating its multilingual capabilities.
  • 📝 The AI is not yet fully operational for the general public, but it shows potential for future development.
  • 🌐 The launch event highlighted India's potential to become a leader in the software and AI sectors, drawing parallels with the visit of Satya Nadella to India.
  • 📈 The script suggests optimism about India's growth in the AI industry, following its success in software.
  • 🔗 The speaker encourages the audience to subscribe for updates on startups and business, indicating a call to action.
  • 📢 The event serves as a showcase for Indian innovation and the country's growing influence in the tech industry.
  • 📌 The transcript underscores the importance of AI and its potential impact on various sectors in India.

Q & A

  • Who launched the chat-based Jio Phone GPeeTee (जीपीटी) service?

    -The script does not specify who launched the Jio Phone GPeeTee service, but it mentions that it has been launched.

  • What is the name of the artificial intelligence (AI) model developed by the company mentioned in the script?

    -The AI model developed by the company is named 'कृत्रिम' (Kritram).

  • Who is running the two unique unicorn companies mentioned in the script?

    -भावेश अग्रवाल (Bhavesh Agrwal) is running the two unique unicorn companies.

  • How many months after launching did the company become a unicorn?

    -The script does not provide an exact number of months, but it implies that it happened within a few months.

  • How much investment did Matrix Partners India make in the company?

    -Matrix Partners India invested a total of 50 million US dollars in the company.

  • What was the company's total valuation after the investment from Matrix Partners India?

    -After the investment, the company's total valuation reached 1.1 billion US dollars.

  • Is this the first AI company in India to become a unicorn?

    -Yes, the script indicates that it is India's first AI company to become a unicorn.

  • In how many languages can the AI model communicate as mentioned in the script?

    -The AI model can communicate in more than 20 Indian languages.

  • Has the AI model been fully operational for the general public yet?

    -Not yet, as the script mentions that it has not fully operationalized for the general public.

  • What did Sam Altman say about creating a chat-based service in India?

    -Sam Altman mentioned that creating a chat-based service like GPeeTee in India is challenging, but he expressed hope (though the exact quote is not provided in the script).

  • What is the potential of India becoming a leader in the AI field, as suggested by the script?

    -The script suggests that just as India has become a leader in software, it has the potential to become a leader in AI as well.

Outlines

00:00

🚀 Launch of AI Chat GPT

The paragraph discusses the launch of an AI chat named 'Kritram' by Bhavish Aggarwal. It highlights that this is his third company to become a unicorn within a few months of launch, after Ola Electric and Ola Cabs. Matrix Partners India has invested a total of $50 million in the company, which has led to a total valuation of $1.1 billion. The AI model is capable of conversing in over 20 Indian languages, although it is not yet fully operational for the general public. The paragraph ends with a reference to Sam Altman's visit to India and his comments on ChatGPT, and invites viewers to subscribe for more insights into startups and business.

Mindmap

Keywords

💡JGPT (जीपीटी)

JGPT refers to the chatbot launched by the individual in the video. It is a key concept as it represents the technological innovation discussed. The chatbot is designed to communicate in over 20 Indian languages, showcasing the advancement in AI language capabilities. This is a significant achievement as it positions India to potentially lead in AI, similar to its position in software development.

💡Kritram (कृत्रिम)

Kritram is the name of the AI model developed by the individual, which is central to the video's narrative. It signifies the creation of an intelligent system that can interact in multiple languages, highlighting the progress in AI technology and its potential applications in various sectors.

💡Unique (यूनिकॉर्न)

Unique, or 'यूनिकॉर्न' in Hindi, refers to the status of the company after its launch. It is a term used in the startup world to denote a company that has achieved a significant milestone, typically a valuation of over $1 billion. In the context of the video, it emphasizes the rapid growth and success of the company.

💡Investment (इन्वेस्टमेंट)

Investment in this context refers to the financial backing received by the company, which is a critical factor in its growth and valuation. The investment of $50 million by Matrix Partners India is a key event that contributed to the company's unicorn status.

💡Valuation (वैल्यूएशन)

Valuation is the estimated worth of a company, which is a significant indicator of its success and potential. In the video, the company's valuation reaching $1.1 billion after the investment is a key milestone, signifying its high market value and investor confidence.

💡AI (एआई)

Artificial Intelligence (AI) is the technology that enables machines to perform tasks that typically require human intelligence, such as learning, problem-solving, and language understanding. The video highlights AI's role in creating multilingual chatbots and its potential to make India a leader in the AI sector.

💡Software (सॉफ्टवेयर)

Software refers to the programs and operating information used by computers to function. The video mentions India's leadership in the software industry, suggesting a parallel potential in the AI sector. It implies that India's expertise in software development could translate into a strong position in AI technology.

💡Language (भाषा)

Language is the primary medium of communication for the chatbot, with the ability to converse in over 20 Indian languages. This feature showcases the AI's versatility and its relevance to a diverse population, emphasizing the importance of language capabilities in AI technology.

💡Operational (ऑपरेशनल)

Operational in this context means being fully functional and ready for use. The video suggests that while the AI model can communicate in multiple languages, it is not yet fully operational for the general public, indicating ongoing development and potential future applications.

💡Subscription (सब्सक्राइब)

Subscription refers to the act of signing up to receive ongoing content or services, often used in the context of digital media and newsletters. In the video, the call to subscribe suggests a way for viewers to stay updated on startups and business developments, reinforcing the theme of innovation and progress.

Highlights

JP Morgan has launched its own chat AI named Kritam.

Kritam is designed by Bhavish Aggarwal, who is also the founder of Ola, an electric mobility company.

Kritam is the third company by Bhavish Aggarwal to become a unicorn within a few months of launch.

Matrix Partners India has invested a total of $50 million in the company.

After the investment, the company's total valuation has reached $1.1 billion.

Kritam is India's first AI company to become a unicorn.

The AI model of Kritam can converse in more than 20 Indian languages.

Kritam is not yet fully operational for the general public.

Sam Altman's visit to India and his comments on the potential of ChatGPT.

Comparison between India's leadership in software and the potential in AI.

The launch event and the future of startups and businesses with AI.

The importance of subscribing to updates on AI and business developments.

The potential of AI in transforming various sectors in India.

The role of investment in the rapid growth of AI startups.

The significance of becoming a unicorn in the context of AI and technology companies.

The impact of AI on the Indian language and communication landscape.

The future of AI in India and its global implications.

The challenges and opportunities for AI companies in India.

The role of AI in enhancing user experience and customer service.

The potential for AI to revolutionize the way businesses operate in India.

Create Stunning AI Art Instantly

No login. No cost. Just incredible AI images !

Create Stunning AI Art InstantlyGenerate Now