Cognizant in talks to invest in Indian AI firm Sarvam
Cognizant, a Nasdaq-listed IT services firm, is reportedly in talks to invest in Indian AI company Sarvam AI at a valuation of $3.5 to $4 billion. The report says the talks are about raising funds. It shows global IT firms are backing homegrown Indian AI players.
Quick glossaryCognizant, valuation
- Cognizant
- Cognizant is a US-listed IT services firm that helps large companies run and upgrade their technology systems.
- valuation
- The price a company is worth on paper, which investors use to decide how much a share of it costs.
Read at Inc42
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