News Summary

• Bhavish Aggarwal co founder of ride hailing firm Ola and electric vehicle startup Ola Electric is venturing into fresh terrain as he navigates his businesses toward initial public offerings
• He has set up an AI startup that seeks to develop a large language model and is currently scouting two U S headquartered AI startups for a potential acquisition
• The entrepreneur who founded Ola over a decade ago has also floated the idea of setting up a semiconductor design firm one person said requesting anonymity as the details are not public