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Maruti Suzuki incorporates AI in their cars? The car manufacturer purchases shares in a tech startup to employ AI/ML in upcoming models
Maruti Suzuki has bought a 6.44 per cent share in an Indian AI startup, Amlgo Labs, for Rs 1.99 crore. Maruti Suzuki is optimistic that Amlgo’s AI and ML models will aid in making important choices to improve the quality of future vehicle models.
India's top car maker, Maruti Suzuki, has publicized its purchase of a 6.44% share in Amlgo Labs, a startup focused on data analytics, cloud technology, machine learning (ML), and artificial intelligence (AI). The Rs 1.99 crore investment demonstrates Maruti Suzuki's dedication to utilizing cutting-edge technologies to enhance the quality of its future car models.
Amlgo Labs, which has branches in Gurugram and Bengaluru, India, and Delaware, USA, is a leading force in the technological advancement of data-based decision making.
Maruti Suzuki's financial support for Amlgo Labs comes via the Maruti Suzuki Innovation Fund, a fund designed to strategically invest in technologically advanced startups. This represents the second instance of the company making such an investment, with the first one being Sociograph Solutions Private Limited in June 2022.
Hisashi Takeuchi, the CEO and Managing Director of Maruti Suzuki India Limited, has conveyed the firm's perpetual dedication to nurturing creativity by partnering with startups. He stressed Maruti Suzuki's enthusiastic contribution to the Startup India program, which works towards strengthening the startup environment and promoting the creation of unique solutions explicitly designed for the auto industry. Takeuchi underscored the possibility of the investment in Amlgo Labs to improve the quality of new car models by utilizing sophisticated analytics and machine learning.
Ajay Yadav, the creator of Amlgo Labs Private Limited, expressed his gratitude for the successful partnership with Maruti Suzuki, which has aided in the expansion and growth of Amlgo Labs' operations. He highlighted the collective skills of Amlgo Labs in data analysis, machine learning, and AI-based solutions. Additionally, he noted the invaluable guidance and networking possibilities that Maruti Suzuki provided, which will allow for further improvements in their services.
The collaboration of Maruti Suzuki and Amlgo Labs demonstrates the car manufacturing titan's dedication to utilizing advanced technologies to spur innovation and boost product excellence, eventually improving the consumer experience.
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