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The Pivot That Saved India's First AI Unicorn: How Bhavish Aggarwal Stopped Chasing ChatGPT, Killed His Chip Dream, and Built a Profitable Cloud Fortress Instead
StartupsMay 22, 2026

The Pivot That Saved India's First AI Unicorn: How Bhavish Aggarwal Stopped Chasing ChatGPT, Killed His Chip Dream, and Built a Profitable Cloud Fortress Instead

Sometime in late 2025, Bhavish Aggarwal sat in a conference room and made a decision that most founders of his stature never make. He decided to stop. Not the company. The plan. The grand, intoxicating, venture-funded plan to build India's own ChatGPT—a foundational language model trained on Indian languages, running on Indian-made chips, competing with the most advanced AI systems on Earth. The plan that had made Krutrim India's first AI unicorn. The plan that had attracted $50 million in funding at a $1 billion valuation. The plan that was, by late 2025, burning capital and talent on two separate moonshots—chip design and frontier model development—neither of which was anywhere near generating revenue.

The Company That Powers Every AI App You Use—And the 13 Cloud Providers It Had to Scramble to Find Just to Keep the Lights On
StartupsMay 22, 2026

The Company That Powers Every AI App You Use—And the 13 Cloud Providers It Had to Scramble to Find Just to Keep the Lights On

Erik Bernhardsson has spent the past six months doing something no CEO of a serious infrastructure company ever wants to do: calling up cloud providers he has never heard of and begging them for spare GPU capacity. His company, Modal Labs, is not a small startup struggling to find compute. It is a $4.65 billion business that just raised $355 million in Series C funding, quintupled its annualized revenue from $60 million to $300 million since September, and counts biotech companies, hedge funds, and weather-forecasting firms among its customers. And yet, Bernhardsson has been forced to cast an ever-wider net for the chips his customers need, expanding Modal's roster of cloud suppliers from five to thirteen in a matter of months, including names he admits he had never encountered before the great GPU famine of 2026 forced him to go looking.

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