Jagdish Mitra, former head of Tech Mahindra’s India business, recently announced the launching of his AI startup with an investment of Rs 65-80 crore. His venture highlights a shift away from the traditional cost-centric mindset to a more value-driven one.
Mitra indicated a strategic focus on delivering tangible value and not just reduce the costs. He emphasized a shift away from labor-intensive cost arbitrage to AI solutions and this will enhance productivity as well as generate meaningful outcomes. He believes that the future of tech industry is not just in the development costs of AI models, but even in the value the models deliver to businesses.
His startup is learned to be commencing operations within the next three months and basically is set to target some key sectors like manufacturing, retail and sportstech. It will operate from the United States as well as India.
Mitra’s said that his intention is to concentrate on developing simpler language models which are tailored to specific industry needs. He aims to democratize AI usage across industries.
Mitra emphasized on the collaboration with such SAAS companies and smaller firms which have revenues less than USD 2 billion. This means he has a strategy to drive AI adoption among a plethora of businesses. Such an inclusive approach highlights his commitment to utilizing AI as a tool for enhancing overall productivity and value creation. The use should not be with respect to size or sector of a company.
His new venture signifies a broader trend within the tech ecosystem. It is a step forward towards prioritizing value-driven AI solutions and not simply on cost-cutting measures. His startup seems to be a promising step towards realizing the transformative power of AI.