Bhavish Aggarwal-led Ola, which not too long ago forayed into the Artificial Intelligence (AI) house, on February 4 introduced the launch of expertise fellowship program for AI researchers at IIT Bombay.

This program will span throughout engineering disciplines, welcoming college students from high establishments nationwide, the agency stated in a media assertion.

“Today, India is on the floor zero of a large technological revolution. And we, at Ola, will do every part it takes to develop a strong expertise pool and future applied sciences out of India, for the world,” stated Old founder and chairman Bhavish Aggarwal, who can also be an alumnus of IIT Bombay.

The Ola Technology Fellowship program is designed to establish, help, and mentor graduates who exhibit distinctive potential of their disciplines, the assertion stated.

“The fellowship program for AI researchers at IIT Bombay will foster a conducive ecosystem for students. From fundamental research in computing and AI to gaining real-world experience, the program will empower students with research projects, internships, seminars, and conferences,” the assertion stated.

Krutrim AI

Aggarwal’s new enterprise Krutrim not too long ago introduced turning a unicorn after elevating almost $50 million in funding led by Matrix Partners.

Krutrim, which implies “artificial” in Sanskrit, goals to concentrate on constructing your complete AI computing stack. In December 2023, the corporate unveiled its first household of multilingual giant language fashions (LLM), additionally known as Krutrim.

Trained by a group of pc scientists, based mostly in Bengaluru and San Francisco, the massive language mannequin will probably be obtainable in two completely different sizes: a base mannequin named Krutrim base, and a bigger, extra complicated mannequin known as Krutrim Pro.

Also Read: Bhavish Aggarwal’s AI startup Krutrim turns unicorn after raising $50 million

AI Talent in Demand

Several high corporations inside India and globally have stated that there’s a enormous demand for synthetic intelligence expertise.

Shortage of deep tech expertise which incorporates experience in sectors like AI, machine studying (ML) and superior computing could impede the quick progress of India’s enterprise Software-as-a-Service (SaaS) corporations, stated a report printed by business physique Nasscom in collaboration with auditing and consulting agency EY.

Also Read: Unavailability of deep tech talent may affect growth of Indian B2B SaaS firms: Report

Ola’s announcement comes weeks after Indian Institute of Technology Madras (IIT Madras) alumnus Sunil Wadhwani announced on January 30 an endowment of Rs 110 crore to arrange the Wadhwani School of Data Science and AI within the faculty.