Ola

Ola CEO Bhavish Aggarwal sees massive potential for AI development in India, warns ‘won’t happen unless…’

Ola CEO Bhavish Aggarwal sees massive potential for AI development in India, warns ‘won’t happen unless…’

As India has largest amount of data and largest IT services industry in the world, the country can do to artificial intelligence (AI) what China did to manufacturing, said Ola founder and chief executive officer (CEO) Bhavish Aggarwal on Sunday. In a post on social media platform X (formerly twitter), Bhavish Aggarwal said: “India has: Largest # of developers in the world. Largest # of silicon designers in the world. Largest amount of data in the world. Largest IT services industry in the world. India can do to AI what China did to manufacturing." It “Won’t automatically happen unless we…
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‘Some jobs will go…’ Ola CEO Bhavish Aggarwal warns biggest impact of AI will be on….

‘Some jobs will go…’ Ola CEO Bhavish Aggarwal warns biggest impact of AI will be on….

India can become a global hub for artificial intelligence (AI)-related jobs, leveraging its vast pool of IT professionals to take on more significant roles in the global market, said Ola CEO Bhavish Aggarwal. AI offers opportunities to increase economic productivity worldwide as a lot of routine tasks would be automated, Aggarwal added. “In India, there are tens of millions of IT services professionals and young people. Today, they are doing some work for global clients. Their work can be 10x more productive. That means not to get jobs that will be one tenth. That means we can bring 10x more…
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Ola exits Google Maps, saves ₹100 crore by fully-integrating operations to in-house Ola Maps

Ola exits Google Maps, saves ₹100 crore by fully-integrating operations to in-house Ola Maps

Ola Cabs has exited Google Maps and has shifted to its in-house Ola Maps for operations, saving the company nearly ₹100 crore a year.Ola Group's co-founder and chairman Bhavish Aggarwal on X said after the exit of Azure last month, the company has now fully exited Google Maps. He said the company used to spend ₹100 crore a year on the same and has now made that to zero by moving completely to its in-house Ola Maps. He asked users to check their Ola apps and update if required. He said there are many features such as street view, indoor…
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Ola Electric Posts 107 Per Cent Growth In June EV 2-Wheeler Registrations | Companies News

New Delhi: Bhavish Aggarwal-led Ola Electric on Monday announced that it has posted a growth of 107 per cent (Year-on-Year) in June 2024 Electric Vehicle (EV) two-wheeler registrations as compared to the corresponding month in 2023. According to the government's VAHAN Portal, the company recorded 36,716 registrations during the month. It also recorded a 57 per cent growth in the first quarter (Q1) of FY25 over Q1 FY24 and witnessed over 1.08 lakh registrations in the quarter ended June 2024. "Our steady market leadership reflects the strength of our expansive S1 portfolio with the product offerings across attractive price points,…
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