NEW DELHI: Jagdish Mitra, former head of Tech Mahindra's India operations, has set up an AI startup with an initial investment of Rs 65-80 million. The startup plans to start operations within the next three months.
“We will start visiting customers within eight to 12 months. Initially, we plan to invest $8 million to $10 million,” said Mitra, who is one of the candidates to become CEO of Tech Mahindra after CP Gurnani's resignation. he told PTI.
“Cost arbitrage factors driven by human resources will be severely impacted. It will be driven by values. We need to move from a cost-driven proposition to a value-driven proposition.
“We will focus on the value proposition. We plan to start operations within a quarter,” said Mitra, who left Tech Mahindra earlier this month.
Mitra declined to name the company, but said the company will focus on manufacturing, retail and sports tech, with operations in both the U.S. and India.
“Not everyone develops a chatGPT model; it costs a lot of money. We focus on short language models and provide value to factory output.
“In terms of factory output, there should be a certain percentage of the value of the outcomes that AI models achieve. ” Mitra said.
He said his company will consider using AI to improve productivity.
“I don’t have a problem with a programmer using AI. I don’t want to challenge his intelligence, I focus on improving productivity. Every industry is using AI to add value and increase productivity. My market strategy is SAAS (software as a service) and companies with less than $2 billion in revenue,” Mitra said.
“We will start visiting customers within eight to 12 months. Initially, we plan to invest $8 million to $10 million,” said Mitra, who is one of the candidates to become CEO of Tech Mahindra after CP Gurnani's resignation. he told PTI.
Expanding
“Cost arbitrage factors driven by human resources will be severely impacted. It will be driven by values. We need to move from a cost-driven proposition to a value-driven proposition.
“We will focus on the value proposition. We plan to start operations within a quarter,” said Mitra, who left Tech Mahindra earlier this month.
Mitra declined to name the company, but said the company will focus on manufacturing, retail and sports tech, with operations in both the U.S. and India.
“Not everyone develops a chatGPT model; it costs a lot of money. We focus on short language models and provide value to factory output.
“In terms of factory output, there should be a certain percentage of the value of the outcomes that AI models achieve. ” Mitra said.
Expanding
“I don’t have a problem with a programmer using AI. I don’t want to challenge his intelligence, I focus on improving productivity. Every industry is using AI to add value and increase productivity. My market strategy is SAAS (software as a service) and companies with less than $2 billion in revenue,” Mitra said.
