AIInc42about 3 hours ago
Centre May Take 1-2% Stake In Sarvam After $300 Mn Raise
3 min read
The central government may acquire a 1-2% stake in AI unicorn Sarvam after its $300 Mn funding round closes. The stake comes from converting compulsorily convertible debentures (CCDs) issued for compute infrastructure under the IndiaAI Mission. Sarvam received ₹98.68 Cr in compute allocation.
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