The central government could end up with a 1-2% stake in AI startup Sarvam, valued at $1.5 billion, as part of its $300 million funding round. This rare instance of equity holding arises from non-cash support provided under the IndiaAI Mission, where the government offered compute infrastructure in exchange for compulsorily convertible debentures.
The central government could end up with a 1-2% stake in AI startup Sarvam, valued at $1.5 billion, as part of its $300 million funding round. This rare instance of equity holding arises from non-cash support provided under the IndiaAI Mission, where the government offered compute infrastructure in exchange for compulsorily convertible debentures.
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