India, March 25 -- Riding on the AI wave, IPO-bound Fractal Analytics is looking to build India's first large reasoning model (LRM) with a total investment of INR 118 Cr, its chief AI Research and Platforms officer Suraj Amonkar told Inc42.

While the Mumbai-based AI startup will infuse INR 42 Cr in the project from its own coffers, it is seeking a capital subsidy of INR 76 Cr from the Centre under the IndiaAI Mission, Amonkar said.

Fractal will deploy a substantial portion of the capital towards procurement of graphic processing chips (GPUs), high-end chips that go into development of large language models (LLMs).

"There is a provision of about INR 94 Cr to be spent on the GPU compute only," the Fractal executive said. The company anti...