L&T Tech and Nasscom Team up To Boost Gen AI Startups

CIOTechOutlook Team | Friday, 01 December 2023, 11:17 IST

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L&T Technology Services Limited (LTTS), a leading worldwide digital engineering and R&D services provider, has announced a partnership with the Nasscom GenAI Foundry initiative to promote the growth of Generative AI in India by offering complete assistance to companies in this sector.
 
According to nasscom, Gen AI startups in the country have successfully raised over $475 million in funding from 2021 through May 2023, signalling the sector's rapid expansion and potential. LTTS is poised to nurture this growth by offering resources and expertise to a select group of startups to bring their innovative concepts to fruition. Among the 26 startups chosen, LTTS will engage with many of the startups through a continuous process of engagement, as per L&T Tech.
 
The chosen firms will be coached, as well as assisted with product development and innovation roadmaps. They will also be given Proof of Concepts that correspond to the company's technological and innovation trajectory. In order to improve their subject expertise, LTTS will also hold bootcamps and knowledge-sharing seminars.
 
As a global frontrunner in Artificial Intelligence (AI) and digital engineering, LTTS possesses an array of expertise in creating advanced AI solutions. Its portfolio includes AiKno™ and Chest-rAi™. AiKno™ is an AI-driven platform that expedites the deployment of AI models, facilitating enterprises to seamlessly incorporate AI into their operations. It boasts pre-built AI models and a user-friendly interface that simplifies AI model management. Chest-rAi™ is a ground-breaking AI tool tailored for radiologists. It employs deep learning algorithms to scrutinize chest X-rays and detect abnormalities, thereby aiding in quicker and more precise diagnoses. These offerings exemplify LTTS' dedication to harnessing AI's power for the benefit of its clientele and the wider ecosystem.
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