Sarvam plans big fundraise; HCLTech's Q2 profit jumps
Sarvam AI is in discussions to raise $250-300 million, potentially doubling its valuation to $3 billion, making it India's most valuable AI startup. The company aims to enhance its enterprise AI models and infrastructure, with plans for a trillion-parameter model and a new office in San Francisco. The fundraising is expected to conclude soon, reflecting Sarvam's rapid growth.