News Summary

• Krutrim, India’s first GenAI unicorn, is shifting from AI model development to cloud services.
• The update comes more than a year after the Bengaluru-based startup released its Krutrim-2 base model.
• The move follows a period of limited public activity from the startup, which has not made any significant product announcements in recent months.
• The startup raised $50 million at a $1 billion valuation in January 2024, reflecting early investor enthusiasm for India's homegrown AI ambitions.