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Maruti Suzuki incorporates AI into their vehicles? The car manufacturer purchases shares in tech startup to incorporate AI/ML in new 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 anticipates that Amlgo's AI and ML algorithms will contribute to vital judgments in improving the quality of upcoming car models.
Maruti Suzuki, a top car manufacturer in India, revealed that it has bought a 6.44% shares in Amlgo Labs, a new company that focuses on data analytics, cloud engineering, machine learning and artificial intelligence. This investment, amounting to Rs 1.99 crore, underscores Maruti Suzuki's dedication to using cutting-edge technology to enhance the quality of its future car models.
Amlgo Labs, which has establishments in Gurugram and Bengaluru, India, and also in Delaware, USA, functions at the cutting edge of tech innovation in making decisions based on data.
The funding for Amlgo Labs by Maruti Suzuki was made possible by the Maruti Suzuki Innovation Fund, whose goal is to strategically invest in highly innovative startups. This constitutes the corporation's second such investment, coming after its earlier investment in Sociograph Solutions Private Limited in June 2022.
The CEO and Managing Director of Maruti Suzuki India Limited, Hisashi Takeuchi, affirmed the company's continuous dedication to promoting innovation through partnerships with startups. He underscored Maruti Suzuki's significant involvement in the Startup India initiative, which is designed to strengthen the startup environment and inspire the creation of inventive solutions specific to the automotive industry. Takeuchi pointed out that investing in Amlgo Labs has the potential to improve the quality of new car models using sophisticated analytics and machine learning.
Ajay Yadav, the person behind the creation of Amlgo Labs Private Limited, expressed his appreciation for the productive partnership with Maruti Suzuki. This alliance has allowed Amlgo Labs to expand and enhance their operations. Yadav highlighted Amlgo Labs' comprehensive knowledge in data analysis, Machine Learning, and AI-centered solutions. The guidance and networking possibilities offered by Maruti Suzuki will help to further polish their services.
The collaboration of Maruti Suzuki and Amlgo Labs highlights the car manufacturing giant's dedication to utilizing advanced technologies to foster innovation and enhance product quality, ultimately improving the customer experience.
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