HCLTech's Sarvam AI Bet: Is Patient Capital Finally Here?

HCLTech committed $150 million to lead Sarvam AI's $234 million funding round, making Sarvam India's second AI unicorn at a $1.5 billion valuation. The investment by an Indian IT giant rather than a global VC is seen as a turning point for sovereign AI. Sarvam aims to gain more enterprise traction amid competition with global AI giants.