Ratan Tata Makes First Investment In Artificial Intelligence; Invests In niki.ai

Ratan Tata, chairman emeritus of Tata Sons pumped an undisclosed amount in Bangalore-based artificial intelligence startup niki.ai. Along with Mr. Tata, Existing investor, Ronnie Screwvala's Unilazer Ventures also participated in this funding round. Unilazer had invested in the chat App back on October 2015 and had made a commitment of a follow-on investment round of up to Rs 5 crore. "Chatbots have now picked up globally and Niki has been at the forefront of this innovation, building the technology for over a year now. We continue to support the team as we believe in their vision to simplify transactions for consumers," said Screwvala.