Questions abound on Puch AI's MoU with UP
new delhi, March 25 -- Uttar Pradesh Chief Minister Yogi Adityanath's announcement of a Rs.25,000 crore memorandum of understanding (MoU) with AI startup Puch AI has drawn sharp online criticism over the company's credentials, prompting clarifications from both sides and a defined due diligence process from the state's investment arm.
"Puch AI had given a proposal to us on Friday, and we signed a non-binding MoU with them on Monday. We have asked them to submit due diligence documents and they have been given three days to do so. If they pass during this due diligence process, we will go ahead with them, otherwise we will be cancelling the MoU," Invest UP CEO Vijay Kiran Anand told HT.
Describing the company as a bootstrap startup, Anand sa...
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