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Introduction to Google Fuels Indian AI pioneer
In a move that highlights its commitment to the Indian startup ecosystem, tech giant Google is reportedly planning to make another $4 million investment in the Indian conversational artificial intelligence (AI) startup Corover. This comes after Google had already invested $500,000 in Corover earlier this year. The latest investment is expected to take place following the official launch of BharatGPT, Corover’s large language model (LLM), in the coming weeks.
A Strategic Partnership
Corover, founded in 2016 by Ankush Sabharwal, Kunal Bhakhri, Manav Gandotra, and Rahul Ranjan, is a leading Indian conversational AI startup that offers BharatGPT, a platform that supports more than a dozen Indian languages. Google acts as a strategic partner to Corover, providing credit to access cloud computing services. This partnership highlights Google’s belief in Corover’s potential and its commitment to supporting the growth of the Indian AI ecosystem.
The Need for Indian Language Support
The Indian government has been advocating for the incorporation of Indian languages in conversational AI chatbots to enhance user convenience across various domains. Corover’s BharatGPT addresses this need by offering support for multiple Indian languages, allowing users to interact with AI-powered systems in their native language.
Impressive Client Base and Backing
Corover has already made significant strides in the market, with a notable client base that includes organizations such as IRCTC, NPCI, ICICI Prudential, ITC, Max Life Insurance, Bosch, Karnataka Tourism, and Israel Tourism. The startup has also attracted investments from prominent entities like CanBank Venture Capital Fund, Lead Angels, Cognify, Karekeba Ventures, and IIIT-Delhi. This backing showcases the confidence and trust placed in Corover’s innovative conversational AI solutions.
Google’s Continued Support
Google’s additional $4 million investment in Corover will be instrumental in scaling the startup’s business operations. This infusion of funds will enable Corover to further develop its AI capabilities, expand its reach, and enhance its offerings. With Google’s support, Corover is well-positioned to solidify its position as a market leader in the Indian conversational AI space.
The Future of Conversational AI in India
The integration of Indian languages in conversational AI chatbots is gaining momentum in India. The National Payments Corporation of India (NPCI) recently announced its plans to integrate BHASHa INterface for India (Bhashini), a project aimed at enabling conversational payments in Indian languages. Once completed, users will be able to perform various tasks, such as B2B money transfers, LPG cylinder bookings, FASTag recharges, and insurance renewals, in their preferred Indian language.
ClearFeed and the Rising Trend
ClearFeed, another homegrown conversational AI startup, recently secured $2.7 million in its seed funding round, led by Peak XV’s Surge. This investment further emphasizes the growing interest and potential within the Indian conversational AI industry. As more startups like Corover and ClearFeed emerge and gain traction, the Indian AI ecosystem is poised for exponential growth.
Conclusion
Google’s decision to invest an additional $4 million in Corover is a testament to the startup’s capabilities and the immense potential of the Indian conversational AI market. With its innovative language model, BharatGPT, Corover is at the forefront of delivering AI solutions that cater to the diverse linguistic needs of Indian users. This investment not only reinforces Google’s commitment to fostering innovation but also affirms its belief in the power of AI to transform industries and improve user experiences. As the Indian government continues to promote the integration of Indian languages in AI-powered systems, startups like Corover are well-positioned to drive this evolution and shape the future of conversational AI in India.
Additional Information: Tech giant Google is reportedly planning to make another $4 million investment in Indian conversational artificial intelligence startup Corover. As per an ET report, Google had already invested $500,000 in Corover earlier this year. The additional investment in equity is expected to take place following the official launch of BharatGPT in the coming weeks. Read More.
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