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Premji Invest, led by Azim Premji, is increasing its investments in artificial intelligence (AI) companies, with a focus on AI tools for private equity and public markets. The firm is looking into AI applications in legal processes, government services, and intends to invest in technology, financial services, and healthcare sectors. The family-owned investment firm manages over $10 billion for the tech mogul and is reportedly planning to expand its investments in AI companies. TK Kurien, Managing Partner and Chief Investment Officer at Premji Invest, mentioned that the fund's focus will also be on enhancing its proprietary AI investment tools.
In his recent interview, Kurien highlighted that Premji Invest is one of the first large Indian asset managers to utilize AI tools in private equity and is now developing an AI quant model for public market investments. The company has witnessed significant returns in the AI space and plans to invest more in this sector. With a team of 120 members spanning from Menlo Park to Bengaluru, Kurien is actively seeking investment targets in the US with cutting-edge technologies that can be brought to India. Alongside investing in AI companies, the firm is also exploring the expansion of access to some of its AI tools to open-source developers and how AI can streamline legal processes and improve government services.
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