Billionaire Flipkart Founder Ready To Launch Stealth AI Startup
NDTV
Companies the world over are looking to harness AI, encouraged by new tools such as the ChatGPT chatbot from Microsoft Corp.-backed OpenAI Inc.
Billionaire Binny Bansal is launching an AI-as-a-service startup that will target global customers, expanding to the fast-growing segment after making a fortune in Indian e-commerce.
Bansal, who co-founded online retailer Flipkart and sold it to Walmart Inc., has hired 15 experts for the venture - mostly artificial intelligence scientists - and plans to quickly add more, according to people familiar with the matter. He wants to offer AI talent, products and services to corporate customers, emulating the business model of outsourcing providers like Tata Consultancy Services Ltd. and Infosys Ltd., the people said, asking to not be named as the effort isn't yet public.
The startup's main operations will be in Bengaluru, and it's headquartered in Singapore, where it's in stealth mode for now and will launch its offerings within months, the people said. It also plans to expand to the US, one of the people said.
