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Maruti Suzuki incorporates AI in their cars? Car manufacturer purchases share in tech startup to utilize AI/ML for upcoming models
Maruti Suzuki has purchased a 6.44% share in the Indian AI startup, Amlgo Labs, for Rs 1.99 crore. Maruti Suzuki anticipates that Amlgo's AI and ML models will assist in making vital decisions to improve the quality of future vehicle models.
Maruti Suzuki, India's top car maker, has declared its purchase of a 6.44% share in Amlgo Labs, a startup that focuses on data analytics, cloud engineering, machine learning, and artificial intelligence. The investment of Rs 1.99 crore highlights Maruti Suzuki's dedication to utilizing progressive technologies to enhance the quality of its future car models.
Amlgo Labs, having premises in Gurugram and Bengaluru in India and Delaware in the United States, functions at the cutting edge of tech innovation in data-centric decision making.
The financial backing given by Maruti Suzuki to Amlgo Labs was made possible through the Maruti Suzuki Innovation Fund, which seeks to systematically invest in startups that show great technological expertise. This represents the second time the company has made such an investment, with the first one being in Sociograph Solutions Private Limited in June 2022.
Hisashi Takeuchi, the CEO and Managing Director of Maruti Suzuki India Limited, voiced the firm's continuous dedication to promoting innovation by partnering with startups. He underscored Maruti Suzuki's involvement in the Startup India initiative, which is designed to strengthen the startup environment and stimulate the creation of inventive solutions specific to the automotive sector. Takeuchi pointed out the potential of their investment in Amlgo Labs to improve the quality of new car models using high-level analytics and machine learning.
The founder of Amlgo Labs Private Limited, Ajay Yadav, expressed gratitude for the successful partnership with Maruti Suzuki, which has helped their business to grow and expand. He underscored Amlgo Labs' proficiency in areas like data analytics, machine learning, and AI-based solutions, in combination with the guidance and networking possibilities offered by Maruti Suzuki. This blend is set to facilitate an improvement in their services.
The collaboration between Maruti Suzuki and Amlgo Labs emphasizes the car manufacturing titan's dedication to utilizing advanced technologies to foster innovation and boost product excellence, ultimately enriching the user experience.
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