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Maruti Suzuki incorporates AI in their vehicles? Car manufacturer purchases shares in tech startup to implement AI/ML in upcoming models
Maruti Suzuki has bought a 6.44% 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 critical decisions to improve the standard of upcoming car models.
Maruti Suzuki, a top car producer in India, has declared its purchase of a 6.44 percent share in Amlgo Labs, a budding company focusing on data analysis, cloud technology, machine learning, and artificial intelligence. The capital commitment of Rs 1.99 crore signals Maruti Suzuki's dedication to harnessing cutting-edge technology to enhance the standard of its future car models.
Amlgo Labs, having branches in Gurugram and Bengaluru in India, and Delaware in the United States, is a leader in using technology for data-based decisions.
Maruti Suzuki has utilized its Innovation Fund to invest in Amlgo Labs, a move that aligns with the company's goal to strategically support startups that show strong technological capabilities. This is the second time the company has made such an investment, with the first one being in Sociograph Solutions Private Limited in June 2022.
The CEO and Managing Director of Maruti Suzuki India Limited, Hisashi Takeuchi, voiced the company's continual dedication to promoting innovation through partnerships with startups. He stressed Maruti Suzuki's robust involvement in the Startup India initiative, which is designed to strengthen the startup environment and stimulate the creation of inventive solutions specifically for the automotive sector. Takeuchi underscored the possibilities that the investment in Amlgo Labs could bring, including improving the standard of new car models using sophisticated analytics and machine learning.
The founder of Amlgo Labs Private Limited, Ajay Yadav, expressed his gratitude towards Maruti Suzuki for their beneficial partnership. This collaboration has aided Amlgo Labs in expanding and enhancing their operations. He highlighted the joint proficiency of Amlgo Labs in data analytics, machine learning, and artificial intelligence-based solutions. Maruti Suzuki's guidance and networking possibilities will allow Amlgo Labs to further improve their products and services.
The collaboration between Maruti Suzuki and Amlgo Labs highlights the automobile titan's dedication to utilizing advanced technologies to fuel innovation and boost product excellence, ultimately improving the client experience.
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