AI startup Sarvam to raise $12-M from Peak XV, Lightspeed: report

Vivek Raghavan and Pratyush Kumar, researchers in developing AI models for speech recognition and translation, are raising USD 12 million from venture capital firms Peak XV and Lightspeed Venture for an artificial intelligence startup called Sarvam. The startup will develop custom-made large language models (LLMs) for India-centric use. The founders are part of AI4Bharat, an open-source group at IIT Madras focused on AI for Indian languages -