3
BENGALURU, June 17 (Reuters Breakingviews) – Its purchase of a 10% stake values posterchild startup Sarvam at $1.5 bln. The IT firm’s cheque is small enough to limit risk yet showy enough to deflect criticism its industry is underinvesting as AI erodes revenue. It could also unlock government work and spur peers to follow.
Editing by Una Galani; Production by Aditya Srivastav

