India, April 29 -- Bengaluru-based investment arm Premji Invest, which manages over $10 Bn for software tycoon Azim Premji, is planning to boost its bets on artificial intelligence (AI) companies.

As per Bloomberg's report, the fund would focus on refining its proprietary AI investment tools.

Speaking with Bloomberg, TK Kurien, the managing partner and chief investment officer at Premji Invest said that the company is now developing an AI quant model for its public market investments as well.

Kurien added that the asset manager will "invest more" in the AI space following "exponential returns".

Premji Invest started developing AI tools three years ago and hired 14 AI engineers, the report further said, adding that at the same time, it...