NEW DELHI: Former Tech Mahindra India business head Jagdish Mitra has set up an AI startup with a proposed preliminary funding of Rs 65-80 crore. The startup is probably going to begin operations within the subsequent three months.
“We will start going to customers in 8-12 months. Initially, we will invest USD 8-10 million,” Mitra — one of many contenders for the publish of Tech Mahindra CEO place after CP Gurnani resigned — advised PTI.
“Cost arbitrage factor, driven by manpower, is going to be seriously impacted. It will be driven by values. We need to move from a cost-driven proposition to a value-driven proposition.
“We are going to give attention to worth proposition. Our agency will begin operations inside 1 / 4,” Mitra, who moved out of Tech Mahindra earlier this month, said.
Without disclosing the name of the company, Mitra said the firm will focus on manufacturing, retail, and sportstech and operate both from the US as well as India.
“Everyone won’t develop chatGPT fashions. It will price an enormous sum of money. Our focus might be on brief language fashions and delivering worth in manufacturing unit output.
“There should be a share in the value of outcome that the AI model achieves in factory output. The future of the tech industry is not about the cost of resources developing AI models but it will have to be based on the value it delivers,” Mitra mentioned.
He mentioned his agency will take a look at utilizing AI for enhancing productiveness.
“I have no issue if a coder is using AI. I don’t want to challenge his intellect but look at enhancing productivity. Every industry will use AI for value addition and improve productivity. My go-to market strategy will be with SAAS (software as a service) and firms that have less than USD 2 billion revenue,” Mitra mentioned.
“We will start going to customers in 8-12 months. Initially, we will invest USD 8-10 million,” Mitra — one of many contenders for the publish of Tech Mahindra CEO place after CP Gurnani resigned — advised PTI.
“Cost arbitrage factor, driven by manpower, is going to be seriously impacted. It will be driven by values. We need to move from a cost-driven proposition to a value-driven proposition.
“We are going to give attention to worth proposition. Our agency will begin operations inside 1 / 4,” Mitra, who moved out of Tech Mahindra earlier this month, said.
Without disclosing the name of the company, Mitra said the firm will focus on manufacturing, retail, and sportstech and operate both from the US as well as India.
“Everyone won’t develop chatGPT fashions. It will price an enormous sum of money. Our focus might be on brief language fashions and delivering worth in manufacturing unit output.
“There should be a share in the value of outcome that the AI model achieves in factory output. The future of the tech industry is not about the cost of resources developing AI models but it will have to be based on the value it delivers,” Mitra mentioned.
He mentioned his agency will take a look at utilizing AI for enhancing productiveness.
“I have no issue if a coder is using AI. I don’t want to challenge his intellect but look at enhancing productivity. Every industry will use AI for value addition and improve productivity. My go-to market strategy will be with SAAS (software as a service) and firms that have less than USD 2 billion revenue,” Mitra mentioned.
