logo
#

Latest news with #Ola

Krutrim acquires BharatSah'AI'yak to expand AI footprint in public sector
Krutrim acquires BharatSah'AI'yak to expand AI footprint in public sector

Business Standard

time13 hours ago

  • Business
  • Business Standard

Krutrim acquires BharatSah'AI'yak to expand AI footprint in public sector

Krutrim, the artificial intelligence start-up founded by Ola's Bhavish Aggarwal, has acquired BharatSah'AI'yak, an AI-powered platform developed by Samagra, in a move aimed at deepening its footprint in India's public sector technology landscape. The acquisition brings under Krutrim's umbrella a platform that has played a central role in accelerating the deployment of AI solutions across a range of government initiatives, spanning education, agriculture and governance. Financial terms of the deal were not disclosed. With the acquisition, Krutrim plans to integrate its proprietary large language models, cloud infrastructure and agentic AI capabilities—including those behind its recently launched assistant app, Kruti—to expand BharatSah'AI'yak's reach nationwide. 'At Krutrim, we have boarded the country's brightest minds to develop a platform that reflects the diversity, depth and richness of Indian languages and culture,' said a Krutrim spokesperson. 'This integration enhances our ability to build AI that is inclusive, intuitive and deeply rooted in the lived realities of India.' Experts said the move highlights Krutrim's broader ambition to democratise artificial intelligence across India, targeting both public services and citizen-facing platforms. The deal also highlights the increasing role of home-grown AI firms in shaping India's digital governance strategy, as the government looks to harness emerging technologies to improve service delivery and administrative efficiency. BharatSah'AI'yak specialises in creating Bharat-focused, vernacular Retrieval Augmented Generation (RAG)-based AI bots that deliver both text and voice-led experiences. The platform's impact is evident through a series of high-profile deployments. Among them is KumbhSah'AI'yak, billed as India's first AI-powered chatbot for Maha Kumbh 2025. Designed to serve millions of pilgrims, the chatbot offers round-the-clock assistance on religious rituals, site navigation, accommodation options and local attractions. Krutrim provided the hosted open-source large language model services that power the chatbot's functionality. Another notable implementation is the AMA Krushi AI chatbot, launched in Odisha. This voice-enabled assistant delivers agriculture-related guidance and information on government schemes to farmers in local languages, using authenticated data from official sources. The initiative aims to improve accessibility and decision-making for farmers across the region. With Krutrim's advanced AI models, cloud infrastructure and the agentic platform underlying Kruti, these specialised assistants can now scale to serve more users across diverse domains with intuitive, efficient and language-inclusive interactions. Krutrim recently announced the launch of Kruti, the country's first agentic AI assistant designed to go far beyond conventional chatbots. Kruti is poised to lead a paradigm shift in AI, moving from passive responses to proactive, agentic task execution. Kruti can execute tasks like cab booking, food ordering, bill payments, image creation and in-depth research, while also supporting read-aloud responses. Additionally, it offers advanced AI features like in-depth research and image creation free of cost for users. Krutrim reached unicorn status last year after raising $50 million in equity during its inaugural funding round. The round, which valued the company at $1 billion, included participation from investors such as Matrix Partners India. Earlier this year, company founder Bhavish Aggarwal announced an investment of Rs 2,000 crore in Krutrim, with a commitment to invest an additional Rs 10,000 crore by next year. The company also launched the Krutrim AI Lab and released some of its work to the open-source community.

Can new collar gig jobs be a game-changer for fresh graduates
Can new collar gig jobs be a game-changer for fresh graduates

The Hindu

time19 hours ago

  • Business
  • The Hindu

Can new collar gig jobs be a game-changer for fresh graduates

Gig means 'informal'. Gig workers are typically freelancers or independent contractors hired for specific tasks or projects, rather than as full time employees. Whenever we hear the word 'Gig Jobs ', what readily come to our minds are the temporary blue collar workers using platforms like Uber, Ola, Urban, Flipkart etc. But in reality, the scope of gig work is far wider, ranging from platform-driven blue collar jobs, white collar knowledge workers, and going up to 'skills-only' new age jobs that are called 'New Collar Jobs'. Developed countries like the U.S., U.K., Canada, and Australia have integrated gig work more deeply into their economies. According to Upwork's Freelance Forward report (2024), 38% of the U.S. workforce is freelancers, with 79% of them holding minimum Bachelors degree and 47% of them providing knowledge services in sectors like IT, consulting and marketing. An unprecedented digital transformation of the job market fueled by AI coupled with continuation of remote working in the IT sector has produced a number of new-age jobs requiring cutting-edge skills. Just-in-time availability and substantial cost advantage are compelling companies to recruit such freelancers. As per a recent report by TeamLease, only 10% of about 1.5 million engineering students that graduate in 2025 are expected to secure full time jobs in corporates during the year, due to automation of entry level jobs, slowdown of economy and skill-related factors. The situation is not likely to change for the better in the near future. In this environment, the emerging job market for gig sector white collar and new collar jobs presents an alternative career path . In the prevailing context, this article examines the attractiveness of the sector for fresh engineering graduates and career pathways that can be planned in short term as well as long term, challenges faced in this process and how they can be addressed by the stakeholders. White collar gigs As per FlexingIt's report on Changing Global Workforce Models, despite global uncertainty and a sluggish job market, demand for independent professionals rose 38% in 2024-25 driven by the need for specialist skills, quicker turnaround and flexibility in deployment. Demand for freelancers cuts across business functions and sectors with technology services leading at 25% (AI related projects contributing about 10%), followed by strategy (15%) and finance (11%). Besides this, 25% of freelance projects are independent of location and can be outsourced. A generational shift is underway as a number of millennials and Gen Z are preferring organisations and jobs that offer autonomy, flexibility and work-life balance from the outset. No wonder, 38% of the white collar gig workers worldwide are women. The Indian market As traditional job markets get reshaped due to automation and become increasingly competitive, many fresh graduates are turning to gig jobs, as a viable entry point into the workforce. India currently has over 10 million gig workers in sectors such as software, professional services, digital marketing, healthcare, and media. This workforce is expected to grow to 23.5 million by 2030, as per a NITI Aayog report. Artificial Intelligence (AI) is a major driver of new job creation and transformation. India's AI job market is expected to grow by 20% in 2025 and the integration of AI into the gig economy is creating new opportunities for engineering graduates, particularly in data science, machine learning, and automation. As per a NASSCOM report, by 2027, 40% of IT work in India could be gig-based and 25% of Global Capability Centres (GCCs) will recruit gig workers. New collar jobs are not limited to IT, as other sectors like banking, insurance, healthcare, and even traditional industries such as oil and gas are increasingly seeking tech-savvy engineers for digital transformation roles. As per Foundit Insights Tracker (April 2025), India's gig job market has been witnessing robust expansion, recording a 17% year-on-year growth in 2024-25. Most of the gig professionals are placed through company-led models across Indian corporates like TCS, Infosys, HCL Tech, Fractal and Wipro (28% share), MNCs like IBM,JP Morgan Chase, Wells Fargo, Google, Microsoft and Meta (12%), startups (8%), and others (18%). Balance 34% are placed through consultants including staffing firms and freelance platforms. The demand for gig workers is particularly strong in Science, Technology, Engineering and Mathematics (STEM) related roles, which make up 68% of total gig opportunities, underscoring the increasing reliance on skilled professionals in technology, management, and data science-driven sectors. Moreover, freshers with specialised technical expertise are in high demand, with gig-based hiring in fields like AI, data science, and cloud computing, which grew by 32% over the previous year. The steep growth in GCCs has been witnessing increased reliance on gig professionals, as a key part of their hiring strategy. As per a recent LinkedIn survey, 85% of the GCCs are focused on a skills-first approach for recruitment. Outsourcing opportunities Due to cost-effectiveness and a large English-speaking workforce, Indian gig workers are in demand for firms in the U.S. and Europe for outsourcing jobs like AI/ML data annotation, AI ethics, prompt engineering, data analytics, application prototyping and digital marketing campaign management. The National Capital Region (NCR) with a 26% share and Mumbai ( 18%) are the major gig hubs, followed by Bengaluru (12%), Hyderabad (11%) and Chennai (8%). Income trends and platforms The gig economy in India offers a diverse range of earning opportunities, with the largest share of 40% of jobs in the income range of ₹3-6 lakh per annum (LKA) followed by 36% in less-than-₹ 3 lakh per annum, 16% in ₹6-10 lakh range and balance 8% in the over ₹10 LKA bracket, reflecting the dominance of entry-level and mid-skilled roles. There has been a significant growth in skilled gig professionals, particularly in IT consulting, data analytics, and project management, commanding ₹6-10 LPA salaries, highlighting the demand for advanced technical and strategic skills. As businesses continue to integrate gig talent into their regular workforce strategies, the scope for premium skill sets and specialised expertise is expected to grow, driving greater earning potential in the future. As the gig economy continues to grow, businesses will increasingly rely on specialized online platforms that cater to specific industries, such as healthcare, design, technology, and marketing. These AI-driven platforms match workers with highly tailored skills to project-based opportunities, enhancing the quality of work, while streamlining the hiring process. An estimated 200 million women in India are estimated to be unemployed or under-employed due to rigid work formats and personal commitments. In order to address this gap, Swati Nelabhatula, a techie turned entrepreneur recently created a platform, SITHA, for women gig workers. Career growth for gig professionals While the gig sector could be an entry level career opportunity, gig professionals, over a period of time, can look forward to multiple career growth choices, depending on their interests and career aspirations. Many successful startups are founded by professionals, who started as freelancers , leveraging their experience and networking with the client base. Work experience thus gained also enables the graduates to build a strong skill base, making them attractive to corporate recruiters. Some gig professionals pursue higher studies, while working. Irrespective of the career option selected, it can be a rewarding career journey of earn-while-you-learn. Gig jobs offer flexibility in terms of the projects, clients, skills, and working hours and can also suit those pursuing further studies or career exploration. They also provide exposure to international clients in diverse industries, without the need for relocation. For those with 'Portfolio Career Mindset', they offer the choice of multiple income generating roles, simultaneously, depending on interest, skills and convenience. Top freelancers with the right skills can earn more than salaried peers. Challenges The biggest challenge in gig jobs is lack of assured income and job security, as they are temporary, project-based work, without social security benefits like PF, ESI, or health insurance. There is also the risk of credibility of the clients and possibility of delayed payments on platforms. Income growth depends on self upskilling, in alignment with the skills in demand. It depends entirely on the gig professional to manage his or her career growth. Need to ensure sustainability of gig economy In view of the excellent opportunity the gig sector presents in upskilling the youth to make them employable and contribute to the economic growth, all the concerned stakeholders - Higher Educational Institutions (HEIs), industry and government- need to play an active role to address the challenges and make it sustainable, scalable as well as viable. HEIs need to prepare students for gig roles by including modules on freelancing, digital marketing and financial literacy, besides imparting contemporary skills as a part of the curriculum, and conduct credit-based evaluation of the gig projects. They should collaborate with the industry to provide gig platforms and startups for short live project opportunities. Students should be encouraged to use platforms like GitHub, Dribbble and Kaggle to showcase their skills through live projects. They should set up mentoring and counseling support and also recognize top-performers. BITS, Pilani has introduced a module on Freelancing, whereas IIT Madras has tied up with Zoho for gig internships A number of companies, both Indian IT firms and MNCs, have already created dedicated gig platforms for engineers and have been offering micro-internships and gig projects to the students. They maintain pools of vetted freelancers for just-in-time hiring and created talent pipelines, offering regular employment to the well performing gig professionals. They also provide upskilling opportunities for the enrolled gig workers. TCS curated the Ion Digital Marketplace as the gig platform for cloud & AI freelancers wherein over 15,000 gig workers have been onboarded so far and about 40% of the top performers were absorbed into their projects. Wells Fargo, the U.S. banking MNC set up 'Gig Talent Pool' to hire Indian freelancers for fraud analytics and AI jobs. Government policies Recognising that the gig workforce is a vital pillar of India's new-age economy, driving innovation and efficiency across digital platforms, the Government of India announced during the 2025-26 budget that it has decided to provide them with identity cards, e-Shram registration, and healthcare security under PM Jan Arogya Yojana, as a transformative step towards their social security and well-being. This initiative is expected to empower nearly 10 million gig workers. A pilot initiative has already been undertaken by the Ministry of Labour & Employment to register platform workers and aggregators on the e-Shram portal. The Karnataka government has established a Platform-Based Gig Workers Welfare Board to provide social security and welfare benefits to gig workers in the state. More States are expected to follow suite in due course. India, with its large education and skilling ecosystem, has the potential to emerge as a Global Gig Hub for new-collar skills, which will power the future global economy. In order to realise it, the Government of India may consider setting up a Gig India Mission and formulate strategies and action plans and implement the same in a mission mode. Conclusion The New Collar gig economy presents not merely an attractive alternative but also a complementary pathway for the engineering graduates to acquire and harness the new-age skills. With the right policy interventions, academic reforms, and industry collaboration, gig careers can evolve from short-term sustenance models to long-term rewarding professional careers, offering opportunities for higher income, growth, and innovation to India's young talent. It is a golden opportunity for India to leverage the demographic dividend for achieving the goal of Viksit Bharat 2047 by way of right skilling the youth. (Prof (Dr) O R S Rao is the Chancellor of the ICFAI University, Sikkim. Views are personal )

Bike taxi drivers in Bengaluru demand legal recognition, cite threats and job loss
Bike taxi drivers in Bengaluru demand legal recognition, cite threats and job loss

The Hindu

time19 hours ago

  • Politics
  • The Hindu

Bike taxi drivers in Bengaluru demand legal recognition, cite threats and job loss

Over 100 bike taxi drivers from the Namma Bike Taxi Association met Health Minister Dinesh Gundu Rao and Dasarahalli MLA S. Muniraju on Thursday, urging the government to halt the ongoing crackdown on bike taxis and establish a clear regulatory framework. Representing platforms like Ola, Uber, and Rapido, the drivers submitted a petition demanding legal recognition and protection from harassment. 'Despite the recent passage of the Gig Workers' Welfare Bill, the government has remained silent on the status of bike taxis. I receive hundreds of distress calls daily. We want regulation, not a ban,' Mohammed Salim, president of the association, said.

Cooperative taxi platform aims to offer fair pricing and social security
Cooperative taxi platform aims to offer fair pricing and social security

Business Standard

timea day ago

  • Business
  • Business Standard

Cooperative taxi platform aims to offer fair pricing and social security

India' s first app based taxi service under the cooperative model, aimed at taking on Uber and Ola, called the Sahakar Taxi Cooperative, has been registered under the Multi-State Co-Operative Societies Act with an authorised share capital of ₹300 crore, senior officials said. The taxi service, which is initially expected to start operations in Delhi, Gujarat, and Maharashtra around December, will gradually expand its footprint across the country. A few months ago, Union Minister of Cooperation Amit Shah announced the intention to launch a taxi ride-hailing service in the cooperative sector called Sahakar Taxi. The platform would also allow registration of two-wheelers, rickshaws, taxis, and four-wheelers. The Sahakar Taxi Cooperative has been promoted by eight major cooperatives: the National Cooperative Development Corporation (NCDC), Anand Milk Union, National Agricultural Cooperative Marketing Federation of India (Nafed), National Bank for Agriculture and Rural Development (Nabard), Indian Farmers Fertiliser Cooperative (IFFCO), Krishak Bharati Cooperative (KRIBHCO), National Dairy Development Board (NDDB), and National Co-operative Exports. Each promoter has already committed ₹10 crore, amounting to around ₹80 crore in initial capital for the taxi cooperative. Around 400 drivers are expected to be onboarded initially. Each will be allowed to purchase five shares of ₹100 each to become members of the cooperative six months after joining. 'Unlike Uber and Ola, this taxi service will operate on three major principles: first, ensuring fair pricing for both drivers and passengers (concepts like surge pricing will not be permitted); second, redistribution of profits to drivers; and third, provision of social security for drivers,' a senior official directly involved in the project said. He added that the cooperative taxi service will not operate for profit, and all earnings will be redistributed among the drivers, with a portion allocated for their social security benefits. 'We have already initiated discussions with technology partners to develop a ride-sharing application for the service,' the official explained. An interim board has been formed to oversee initial operations. Rohit Gupta, deputy managing director of NCDC, is serving as chairman of the board. Other key members include V Sridhar (NDDB), Tarun Handa (Nafed), Naveen Kumar (Nabard), Santosh Shukla (IFFCO), and L P Godwin (KRIBHCO), among others. The Sahakar Taxi Cooperative is also working to collaborate with leading educational institutions, such as the International Institute of Information Technology, Bengaluru, for technological development, operational systems, and digital integration to match industry standards. To generate employment opportunities in Tier-II and Tier-III cities, the Sahakar Taxi Cooperative plans to set up call centres in smaller towns and cities — unlike major ride-hailing apps, which typically have back offices in metro areas, the official said.

Fresh exits at Krutrim as company ramps up work on AI models and semicon chips
Fresh exits at Krutrim as company ramps up work on AI models and semicon chips

Time of India

timea day ago

  • Business
  • Time of India

Fresh exits at Krutrim as company ramps up work on AI models and semicon chips

ETtech Live Events Three senior executives heading engineering and AI product execution at Krutrim have left the company, even as Ola 's artificial intelligence arm continues to accelerate development work on AI semiconductors , Krutrim model 3, and data Williamson, senior director; engineering head Dinesh Mittal, and Sharath Adavanne, director of applied AI, departed in the last couple of months, said people familiar with the has also laid off more than a dozen staff in linguist teams across multiple languages earlier this week, the people a person privy to the development said the employees were hired for a specific project, which has since been completed. The person said nearly 600 people are currently employed in Krutrim's linguistics team, which focuses on AI model evaluation, curation of linguistic data, and prompting, as per the company's job description for these had earlier reported that over 20 executives at leadership roles left the firm in the past year. Krutrim also faced backlash over the alleged suicide of an employee with claims of toxic work culture.A Krutrim spokesperson said in a statement that the company consists of a world-class team, and any workforce churn at the company is in line with industry standards and practices. The spokesperson added that the work on Krutrim Model 3, data centre and advanced AI chips Bodhi 1 and 2, is on track, progressing as per the company's business roadmap and schedule.A Navendu, head of business, Krutrim, told ET recently that the company is working on a multibillion parameter model and will see more use cases for the same, unlike Krutrim 2, which is a smaller model with 12 billion has also learnt that the company is in talks with global players for manufacturing its Bodhi chips, which are currently in the testing week, the company launched consumer AI agent platform, Kruti, which can book cabs, deliver food and pay bills, currently within Ola's ecosystem. It is also in talks with multiple services across healthcare and shopping use cases. Sunit S, SVP - design, said Krutrim is also pursuing partnership with ONDC, which offers services such as metro tickets and recharges.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store